Gift Tax in India: When a Gift Is Tax-Free and When It Becomes Taxable Income ₹2 lakh arrives in your bank account from a close family friend who wants to help with your child's admission. Another ₹2 lakh arrives from your maternal uncle. Both transfers are genuine and through ... Direct Tax Income Tax Tax Notice Tax Planning 31-Oct-2026
Capital Gains Tax Calculation in India: Why Your Profit Is Not Your Taxable Gain You sold a flat for ₹1 crore that you bought for ₹40 lakh, so the gain is ₹60 lakh. That is how most people think about it, and it is often wrong in both directions. The tax law asks what you sold, ho... Capital Gains Direct Tax Income Tax Tax Planning 31-Oct-2026