ITR Filing 2025: Should You Declare Gifts By Relatives While Filing Your ITR? Are Gifts Taxable? Expert Comments And Your One-Stop Guide
New Delhi: As tax filers are all geared to file the ITR for Financial Year 2024-25 (Assessment Year 2025-26), it’s important to understand whether gifts received during the year should be declared in the Income Tax Return (ITR) or not. What is considered a Gift? Are all gifts taxable? How to report them correctly? These…
