{"id":110757,"date":"2024-03-18T21:39:38","date_gmt":"2024-03-18T16:09:38","guid":{"rendered":"http:\/\/finservwealth.com\/narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-how-are-gifts-taxed-in-india-2\/"},"modified":"2024-03-18T21:39:38","modified_gmt":"2024-03-18T16:09:38","slug":"narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-how-are-gifts-taxed-in-india-2","status":"publish","type":"post","link":"https:\/\/finservwealth.com\/hi\/narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-how-are-gifts-taxed-in-india-2\/","title":{"rendered":"Narayana Murthy gifts Infosys shares worth Rs 240 cr to his 4-month-old grandson: How are gifts taxed in India?"},"content":{"rendered":"<p> Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties<\/p><div id=\"finse-1354056112\" class=\"finse-content finse-entity-placement\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9118214110898834\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-9118214110898834\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-howgifts-taxedindia_17499941.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-howgifts-taxedindia_17499941.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p> Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties<\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-howgifts-taxedindia_17499941.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/narayana-murthy-gifts-infosys-shares-worth-rs-240-cr-to-his-4-month-old-grandson-howgifts-taxedindia_17499941.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>\n<p><!-- \/wp:html --> Under the Income Tax Act, gifts received from relatives are not taxed. Gifts received on the occasion of one#39;s marriage, or by way of a will,  too, are not taxed, nor is one#39;s inheritance. But gifts received from non-relatives are taxed once their aggregate value exceeds Rs 50,000 annually. The limit is applicable separately on money gifts and movable properties<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-110757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"jetpack_featured_media_url":"https:\/\/www.moneycontrol.com\/news_image_files\/2023\/200x200\/M\/MixCollage-09-Dec-2023-11-52-AM-5531_200.jpg","_links":{"self":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/110757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/comments?post=110757"}],"version-history":[{"count":0,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/110757\/revisions"}],"wp:attachment":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/media?parent=110757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/categories?post=110757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/tags?post=110757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}