Gift

Are Gifts from Step-Siblings Taxable? ITAT Mumbai Ruling Explained | Income Tax Guide 2025

Capital Gain, Income Tax /

Reading Time: 3 minutesMumbai ITAT rules gifts from step-siblings are not taxable under Section 56(2)(vii)(b). Learn the case facts, tax impact, FAQs, and practical insights for Indian taxpayers. 🧾 Q1: What’s the core dispute in this case?A: The heart of the matter was whether a gift of property worth ₹7.88 crore from a step-sister to her step-brother should […]

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Gifting Money to Spouse in India – Tax Rules, Clubbing & Smarter Alternatives

Income Tax /

Reading Time: 4 minutesLearn why gifting money to your spouse in India may cost you more in taxes under clubbing provisions. Discover legal loan strategies to save more tax. Why Gifting Money to Your Spouse May Cost You More in Taxes — And What You Can Do InsteadQ1: Is gifting money to my spouse tax-free in India?Yes, under

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