How Much Can You Gift Tax Free 2024 In India. Gift tax rules allow up to $18,000 annually, per recipient, in 2024, but there's a lifetime exclusion. However, if any gift received from a person other than a relative exceeds the value of rs.50,000 in a year, then the entire amount received as a gift is taxable.
Find answers for all of these and more on the right. 50,000 can be allowed to be given tax free.
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