https://www.taxtmi.com/manuals?id=4108 Monetary gifts received by an Individual or HUF without consideration are taxable if aggregate receipts exceed the statutory threshold, but are exempt when received from relatives or HUF members, on marriage, under a will or inheritance, in contemplation of death, from local authorities, qualifying funds or institutions, or registered trusts; exemptions for certain specified persons are restricted. Transfers not regarded as transfer under enumerated exceptions and trusts for relatives are non-taxable. COVID-19 related medical and specified death-related payments to family members are also exempt subject to conditions, timelines, evidentiary requirements and filing of Form A. en-us Mon, 25 Dec 2023 12:33:00 +0530 Wed, 10 Jan 2024 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4108 Monetary gifts received by an Individual or HUF without consideration are taxable if aggregate receipts exceed the statutory threshold, but are exempt when received from relatives or HUF members, on marriage, under a will or inheritance, in contemplation of death, from local authorities, qualifying funds or institutions, or registered trusts; exemptions for certain specified persons are restricted. Transfers not regarded as transfer under enumerated exceptions and trusts for relatives are non-taxable. COVID-19 related medical and specified death-related payments to family members are also exempt subject to conditions, timelines, evidentiary requirements and filing of Form A. Manuals Income Tax Mon, 25 Dec 2023 12:33:00 +0530 https://www.taxtmi.com/manuals?id=4108