Tax News for Business Taxes, Home Taxes, Government Tax Policies, ITR Return
Received expensive gift this Diwali ? You should know these tax rules

Gifts can be in the form of cash, movable property (car , jewellery, art work, etc.) or immovable property (land /building). But the rule doesn't apply in all cases; there are a few exceptions.

Earlier, a subscriber had to contribute at least Rs 6,000 in a financial year (April-March) to keep the Tier-1 account running.
Earlier, the last date for filing returns by individuals was July 31. Last year, the deadline was extended to August 31 and further to September 31.
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