Suraj's Post

🎁 Not all gifts are tax-free in India Many people assume any gift is safe from tax. But the rules depend on who gives it. 📌 What the law says: • Gifts from relatives are fully tax-free • Gifts from non-relatives above ₹50,000 are taxable • Marriage gifts are fully exempt • Gifts through inheritance or will are not taxed The rule comes under Section 56(2)(x) of the Income Tax Act. It is not about the gift. It is about the source. Before accepting large gifts, check the tax impact. Because what feels free may not be.

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• 218.5K Followers
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This post was published on 15th April, 2026 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 218.5K followers on Instagram and has a total of 3.0K post. Suraj receives an average engagement rate of 0.19% per post on Instagram. This post has received 16 comments which are greater than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile.