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Received Diwali gifts? Find out if it is taxable

Updated : October 31, 2020 11:15 AM IST

Exchanging gifts on the occasion of Diwali is a part of Indian tradition.
While presents are considered a token of love, individuals should know that all kinds of gifts including cash, gold, real estate, paintings, or any other valuable item are taxable.
Received Diwali gifts? Find out if it is taxable

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