🪔 𝗗𝗶𝘄𝗮𝗹𝗶 𝗚𝗶𝗳𝘁𝘀 & 𝗧𝗮𝘅 𝗦𝘂𝗿𝗽𝗿𝗶𝘀𝗲𝘀: 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄!

 🪔 𝗛𝗮𝗽𝗽𝘆 𝗗𝗶𝘄𝗮𝗹𝗶

“It’s Diwali time — and with it come sweet gifts and thoughtful gestures. But did you know some gifts you receive could trigger a tax liability? Stay ahead and delight without worry.”

"𝘕𝘰𝘵 𝘌𝘷𝘦𝘳𝘺 𝘋𝘪𝘸𝘢𝘭𝘪 𝘎𝘪𝘧𝘵 𝘪𝘴 𝘛𝘢𝘹-𝘍𝘳𝘦𝘦! 🎁💸 

𝘠𝘰𝘶𝘳 𝘘𝘶𝘪𝘤𝘬 𝘎𝘶𝘪𝘥𝘦 𝘵𝘰 𝘎𝘪𝘧𝘵 𝘛𝘢𝘹𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘛𝘩𝘪𝘴 𝘍𝘦𝘴𝘵𝘪𝘷𝘦 𝘚𝘦𝘢𝘴𝘰𝘯"

𝗚𝗼𝘁 𝗴𝗼𝗹𝗱? 𝗚𝗼𝘁 𝗰𝗮𝘀𝗵? 𝗚𝗼𝘁 𝗮 𝘁𝗮𝘅 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻? 💰✨

This Diwali, while you're unwrapping gifts, the Income Tax Department might be watching! Not all gifts come tax-free. Let's decode the gift tax rules before you celebrate.

🎁 𝗚𝗶𝗳𝘁𝘀 & 𝗧𝗮𝘅𝗮𝗯𝗶𝗹𝗶𝘁𝘆 — 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲 𝗧𝗮𝘅𝗺𝗮𝗻 𝗥𝗲𝗮𝗹𝗹𝘆 𝗧𝗵𝗶𝗻𝗸𝘀! 💭

Gift season never ends — but do you know how generous the Income Tax Act really is? Here’s a quick check 👇

✨ 𝗪𝗵𝗮𝘁 𝗖𝗼𝘂𝗻𝘁𝘀 𝗮𝘀 𝗮 𝗧𝗮𝘅𝗮𝗯𝗹𝗲 𝗚𝗶𝗳𝘁?

  • 🎂 Money, movable goods, or immovable property received without consideration

  • 🎯 Value exceeding ₹50,000 in a year = Taxable in full

🧾 𝗪𝗵𝗲𝗻 𝗚𝗶𝗳𝘁𝘀 𝗘𝘀𝗰𝗮𝗽𝗲 𝗧𝗮𝘅:

  • 👨‍👩‍👧 From relatives (per the parents, siblings, spouse, lineal ascendants/descendants)

  • 💍 On marriage

  • 🧧 Under will/inheritance

  • 🎓 Certain occasional gifts

💡 𝗣𝗿𝗼 𝗧𝗶𝗽:

Keep records. Even “gifts of love” can get taxed without proper documentation!

💬 Tell us in the comments. Did you know the ₹50,000 rule applies to cash, property, and even jewellery?

#TaxTips #IncomeTax #GiftTax #FinancialAwareness #TaxPlanning #StayCompliant #HappyDiwali