Taxation of Gifts under the Income Tax Act & Law on Gifts


Code No.: GB 70 Categories: ,

Detailed analysis of income tax provisions regarding taxability of gifts with tax planning considerations. An overall, broad and illustrative commentary on the law on gifts as contained in various Acts –

  • The Transfer of Property Act
  • The Contract Act
  • Hindu and Mohammedan Law
  • F.C.R.A.
  • Foreign Exchange & Management Act, and
  • The Income Tax Act, 1961 (as amended up to date)
  • Drafting of Gift Deeds with more than a dozen formats of gift-deeds for all types of gifts.