https://www.taxtmi.com/article/detailed?id=131 Gifts from non relatives and certain non specified persons may be includible in income under the Income Tax Act, while gifts from defined relatives, on marriage, by will or inheritance, in contemplation of death, or from specified public or charitable bodies are exempt; clubbing provisions can apply to transfers between family members. Tax planning should be lawful, simple, and focused on post tax returns and liquidity, avoiding complex schemes that risk litigation. PAN is mandatory for persons required to file returns or enter specified financial transactions; TDS does not eliminate the duty to file returns, and filing a return is distinct from assessment. en-us Fri, 08 Aug 2008 00:00:00 +0530 Fri, 13 Mar 2009 13:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=131 Gifts from non relatives and certain non specified persons may be includible in income under the Income Tax Act, while gifts from defined relatives, on marriage, by will or inheritance, in contemplation of death, or from specified public or charitable bodies are exempt; clubbing provisions can apply to transfers between family members. Tax planning should be lawful, simple, and focused on post tax returns and liquidity, avoiding complex schemes that risk litigation. PAN is mandatory for persons required to file returns or enter specified financial transactions; TDS does not eliminate the duty to file returns, and filing a return is distinct from assessment. Articles Income Tax Fri, 08 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=131