When is money gifted not taxable? All your tax queries on gifts

In the US, as of 2023, you are allowed to give a gift of $17000 tax free per person per year Married couples can give $34000 per year

While gifts received by any person above Rs 50,000 is taxable under 'income from other sources' under tax laws in India, there are special

how many players do you need for poker In 2023, you can make annual gifts to any one person up to a maximum of $17,000 per year

howly lottery result Taxpayers can transfer their surplus to their parents under a gift deed and invest money in their name In the case of senior citizens, the tax exemption limit