Income Tax on Gift | Relative से पैसा लेने से पहले यह video ज़रूर देखना | Cash Gift Tax Rule 2023 |

Income Tax on Gift | Relative से पैसा लेने से पहले यह video ज़रूर देखना | Cash Gift Income Tax Rule 2023 |
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Check how much gift can received and who is relative ? Cash Allowed ?
What documents require in gift Deed
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#taxongifts
#incometaxongifts
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#taxongiftedproperty
#taxongiftedshares
#taxongiftedstocks
#taxongiftdeed
#gifttax
#incometax
#gifttaxinindia
#expertcasachin
#howmuchgiftallowedfromrelative

[@shaileshpatrikar9127]

Sachin sir is doing an incredible job, his sense of humour is also quite good. I like his videos a lot

[@umeshkhetarpal7849]

Make girlfriend wife then gift

[@madanlalratan3962]

@@umeshkhetarpal7849 Koi fayada nahin... clubbing provision will apply !

[@bhavesh1815]

बहुत अच्छी जानकारी आपने दी है, ये जानकारी सबको एकबार आपका वीडियो देखकर सबको शेयर करनी चाहिए

[@RajeshAllem8256]

Nice analogy and sweet caution specifically w.r.to the last point on gift to Girlfriend. Thank you Sir for enlightening us and showing the importance of best approaches.

[@harishnd6737]

But in case of girls, it is boy friend. Question is how many? 😂😂😂

[@ashishbansal3669]

Sachin ji maza aa gaya, bahut achcha style aur humour ke saath aapne video banayi.

[@himanshumishra2431]

Please upload on the procedures and regulations to be followed in case of LOAN from any friend. What will be the impact of Income Tax on person giving Loan and the person receiving Load. Is there any Deed/Agreement to be executed legally or understanding/agreement in Paper is sufficient. What will be the repayment options to the person who is giving loan and for what tenure he can give loan. All this factors required to be deliberated. Thanks.

[@yparry3961]

Pl reply

[@Sssssss550]

Good question

[@sandeepvaidya2934]

नमस्कार सर, आपने बहोत अच्छी जानकारी दी है। धन्यवाद

[@nishikantbakhai5750]

Very useful matter presented in good funny tone. Thanks

[@av2365]

सचिन सर आपकी वीडियो मैं काफी दिनों से देख रहा हूं आप बहुत ही अच्छा और बहुत ही ज्ञानवर्धक बात हमें बताते हैं आपका बहुत-बहुत धन्यवाद प्रभु आपको अच्छा स्वास्थ्य और दीर्घायु प्रदान करें

[@expertcasachin]

Thanks sir for appreciating Keep supporting 🙏🏻

[@rohitnair6778]

Hi should we declare gifts from relatives in ITR?

[@Wayne26009]

No

[@KamalAggarwal-vs8cp]

Highly descriptive nd useful in long term ....also to keep bonds of relation ship ...pious thnx

[@expertcasachin]

Most welcome 😊

[@yashingle7253]

Hello Sir...i want you to make a video on friendly loan and what documents we need to make...i am a regular tax payer and want to help one of my close school friend with 25 lakhs as friendly loan without any interest....so i want to know does he have to pay any income tax on tht? Can he use tht friendly loan for his personal use like buying things for his home and wedding and medical use?And will there be any problem for him if he is unable to payback? these are some questions which i am searching for answer but didnt find on internet

[@bindra1731]

You can give loan to anyone, anytime & at your terms and conditions within the gambit of IT Laws. Not charging interest is your wish & in case your friend does not repay the principal amount you have to decide what action to be taken against him. You can sign a mutual agreement with your friend & get it registered in your local registration office for a small fee. In this agreement you can state your terms & conditions. Your friend can use the money the way he wants unless you both have agreed on where the money has to be spent in your agreement. Since your friend is taking loan from you and it is not his income he is not liable to pay tax for the loan amount.

[@sudarshangarg9763]

Very good information, Thank you

[@akashmulchandani8274]

Awesome video sir....thanking you..........Sir,I need one clarify about limit upto which Gift from Relative can be taken in cash without contracting provision of IT Act ?

[@Prince-cg1eu]

Section 269ST prohibits any person to receive an amount of Rs.2 lakh and above in cash: In aggregate from a person in a day, or In a single transaction, or In respect of transactions relating to one event or occasion from a person. If a person receives the amount in cash over the above-specified limit of Rs.2 lakh, he is liable to pay a penalty equal to the amount received in cash. Thus, it is very important to ensure that you do not receive cash of Rs.2 lakh and above in a single transaction, aggregate from a person in a day, or in respect to transactions relating to one event or occasion from a person.

[@satishgaur2515]

Very nice You have explained very nice... Thank you so much....

[@ranjitp2013]

Explained.. In Better way... 🥰🥰 Thanks... I subscribed your channel...

[@azadpopatia2990]

very exhaustive and well explained. thanks.

[@nitinshah8168]

Dear Sir, Excellent !!. Kindly clerify the following (1) How HUF can receive / give gift (2) How Daughter in Law can receive / give gift (3) Gift and Tax provisions where an Individual is NRI and having overseas salary income and his other members like wife , his HUF, Son , Daughter in Law , and Sons HUF are Resident -Regards..

[@rizwanrizzu2781]

Good knowledge sir jee last word bahut acche the 😊😊😊 maza a gaya

[@satishkumar0075]

सर मेरी वाइफ ने मुझसे दिनाँक 01.08.2023 को 680000.00 Rs लेकर मुझे तलाक दे दिया .. current Financial year में अब उस भूतपूर्व वाइफ को कितना इंकम टैक्स देना पड़ेगा???.

[@shriram4u]

Zero after all deductions 😂

[@Rider_flynn]

भाई जब तेरा तलाक हो गया है तो फिर क्यों वापिस इस झमेले पड रहा है अभी भी उसको सबक सिखाएगा क्या मत कर चैन से जी और जीने दे, उसका पैसा अब वो जो चाहे करे

[@rohitchoudhary334]

बहुत ही अच्छा लगा जी छोटे भाई । धन्यवाद् । आपका भाई : डॉ रोहित चौधरी सीए, झुंझनूं

[@faizianf]

Nice informative video. Can you tell do we need to include source of income as well in the will deed?

[@URKalra]

Explained in interesting way,🙏

[@siddheshwarkinagi1678]

आदरणीय सर जी आपने बहोत ही मेहत्वपूर्ण जानकारी दे दी है , आपका बहोत बहोत धन्यवाद🙏

[@kirtikumardarji2475]

Good sense of humour alongwith education

[@naushadllb7707]

Very informative. THANKS for sharing. Where to show cash gift and in which section to claim exemption.

[@expertcasachin]

Section 56

[@kamalbardia8203]

Very nicely explained by you You are awesome Jay Hind

[@expertcasachin]

Jai Hind

[@shilpeegupta3357]

Thanks for sharing information. राम राज्य में girlfriend नहीं सिर्फ पत्नी होती है 😊 जय श्री राम

[@SherinrajVlogs]

Biwi bana lo phir le lena 😂😂😂

[@anilmishra5310]

Very nicely explained in Intersting way

[@ramsinghsaini3723]

Valuable information related to income tax on gifts. Thanks to presentor.

[@9892548945]

very good informative knowledge SIR

[@sspurandare]

Your example of clarification of taking gift from girlfriend is classic one.

[@madanlalratan3962]

Only partly true , 50000 tak ki gift non-relative friend se allowed hai !

[@Distancelovevlog]

How much tax if i get more money than 50,000

[@hvn123]

​@@Distancelovevlog it is as per your income slab

[@hvn123]

​@@madanlalratan3962 right said

[@ravindrachahar8754]

Sir 🙏🌹 mujhe bahut hi pasand aaya hai।

[@expertcasachin]

Thanks Ravindra ji 👍🏻

[@vikramkapil9257]

I have retired and can I transfer some part of my retirement benefits to my wife's account and is there any documentation required.

[@expertcasachin]

No need

[@shailendrasingh659]

@@expertcasachin Dear Sir, Your answer "no need" is ambiguous reply. Please clarify.

[@expertcasachin]

No need of any documentation as it is family tf and no tax implications

[@expertcasachin]

No need of any documentation as it is family tf and no tax implications

[@PremSingh-fk8ow]

Document noot need but income their on as int is included in husband income

[@srinibasbehera4816]

Your voice is not very clear , so try to speak loudly to help senior citizens. Thanks for the information.

[@mukeshgarg1909]

Very interesting & update information 👍🏿

[@girishchandraupadhyay6287]

Excellent.. Excellent.. Excellent..

[@expertcasachin]

Many many thanks 🙏

[@kcagarwal44]

Please prepare a video on provisions pertaining to procurement of loan by an individual/ other unincorporated body.

[@rameshsanghavi1576]

Very informative. I want to know that can uncle take gift from nephew ?? Pl reply

[@milapchand7611]

Best explanation. One video for h.u.f.and after how to dissolve in old age.

[@expertcasachin]

Thanks 🙏 must share on ur WhatsApp Will upload soon

[@begrajkhatana6969]

बहुत खूब शानदार

[@drVishwasmehta]

Very Informative Sachin....Nice expression... God Bless

[@sulabhachitre312]

Thanks for your valuable information 👍

[@expertcasachin]

Keep sharing mam

[@divyaalok5538]

Awesome

[@jaivardhan2655]

Great Video, Sir

[@perrytheplatypus199]

Kaam ki video banaye hey♥️♥️♥️

[@vinodsinghaswal3238]

Good Sachin Many thanks for sharing this

[@ajaymittal9801]

Excellent Information

[@ashishbansal3669]

Sir, how value of stamp paper is decided in case of cash gift (to make gift deed) ? Gift deed banane ke liye Kitne cash gift pe kitne ka stamp paper lagta hai , ye kahan mention hai? Main stamp duty nahi stamp paper ki value puchna chahta hoon.

[@ashokthakur702]

Lovely voice.Good knowledge ❤

[@nirmalsaha4794]

Well done, brother. Thank you.

[@Stockmarketkibaate]

Gud information and analysis

[@devnathdalal6706]

Very nice information

[@akhillsharma1984]

Sir aapki baat knowledgeable and video majedaar

[@expertcasachin]

Thanks 🙏🏻

[@vipinkumar7167]

😂😂😂😂 दिल खुश कर दिए Sachin bhai...

[@expertcasachin]

Thanks 🙏

[@omprakashnimesh9398]

Sachin ji, it is a much needed and very informative and interesting video. Please also educate us as to how to make a gift deed.

[@expertcasachin]

Thanks sir gift deed already uploaded

[@sampatbapna141]

Very good information 🎉

[@sdua1995]

wonderful

[@yashswinanaware3960]

Great sir

[@expertcasachin]

Thanks 🙏

[@ravindranarayane2477]

❤❤ very good information ❤❤

[@Ravikalavidh1259]

Wow!! Incredible video.. I have 2 scenerios 1) Sir if i have 3 different fd deposits in a same bank account, which are fetching 30k, 35k, & 42k intrest in a year...would i have to pay tax for only 42k intrest or i have to pay for all togather 30+35+45.. i e for 1,10,000rs. 2) if i have 3 different banks 3 different fds in each bank which are fetching 30k,35k,45k intrest in a FY, should i have to pay tax for only 45k or for total 30+35+45= 1,10,000rs

[@expertcasachin]

Thanks 🙏 Yes combined tax on all interest as per bank interest certificates

[@Ravikalavidh1259]

Sir thanks but some banks are offering 180days tenure fds , if we keep 180 days 2 times in a financial year & interest fetched are 22k in first 180 days and 22k in 2nd 180days so will it be still taxable? By adding both 22+22=44k?..or they won't consider 180days as FD for financial year

[@shaileshpatel8424]

Your video is the best

[@expertcasachin]

Thanks 🙏🏻 keep supporting and sharing video

[@rakeshsinghal7504]

Excellent expelation

[@arjunkumar962]

ye bataye sir ki kisi se maine 1 rupe me koi cheez khareeda aur 2 rupaye me sell kiya to kya ussse hua income crime hai ??

[@maheshwalanj5676]

Nice information sir

[@rajendersuri2648]

Very well explained. Thanks

[@expertcasachin]

Thanks for appreciating dear 😊

[@dhulipalamalleshwaraswamy3526]

Very nice. Thank you sir

[@expertcasachin]

Most welcome

[@subhashgaikwad7168]

Very good information, sir. If shares are gifted to near relatives, how is the capital gains calculated for donor and donee? Please explain.

[@GyashUddinAhmed]

Thanks for information sir

[@expertcasachin]

Welcome 🙏🏻 always

[@lknirmal78]

Excellent

[@advocateashadube9920]

Very valuable information .wch is clarified by wound b unfortunate now no more ,as he hvg blackmoney n shown this video. 😂😂😂😂😂😂 Thnks

[@kamaljitbhutta3373]

Appreciable

[@jugalkishoregoyal1906]

गिफ्ट डीड की बीडिओ भी बनाए कितने का स्टाम्प पेपर चाहिए बगैरा पुरी जानकारी के साथ उसमें क्या क्या लिखा होना चाहिए

[@dineshrajbhutani1560]

Sachin excellent ❤

[@expertcasachin]

Thanks Dinesh Ji kindly share address n ur WhatsApp and circle

[@mukeshacharya9036]

Nice information.

[@kanubhaipatani4882]

Excellent

[@expertcasachin]

Thanks 🙏

[@gkstudykhabhan]

Sar kya patni ke mausi se paisa le ya de sakte hain please Ans main aapka video hamesha dekhta hun please bataiye 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@stephenraphael5575]

Thank you for the information. Please let me know if you receive gift money from your foreign friends. How much can I receive in my account monthly and yearly? Thanking you. Stephen Raphael

[@expertcasachin]

Not allowed

[@devangpatel3082]

Mere house ke liye 9 lakh relative ne bank me transfer kiya he to incom tax ki notish ayegi?

[@abdheshkumarchoudhary283]

Thanks.

[@vipin3601]

Agar bahu ki apni koi income nahi hai or apne sasur se har saal 2.5 lac or 5 lac rupaye leti hai on apni income ITR me show karti hai or ur rupaye ki FD kara leti hai or jab uspe tax banata hai to use bhi pay karti hai. Kya ye option bhi acha hai ya isme koi dikkat aayegi? Please reply...

[@DeepakKumar-zq9qf]

Can we take gift from cousin?

[@mahipahuja463]

Got a query that what will be the tax treatment when Parents transfer funds to son and husband. Pls clarify.

[@expertcasachin]

No tax

[@raghvendradubey374]

Gjb

[@sandeepsolase15]

Ye ho gya gift mai lene ka fayda Bt jo de rha hai usko koi rebate milta hai kya IT mai? Aur usse vo kaha dikha sakta hai

[@nitinvyas1950]

क्या हसबैंड वाइफ को अपने पेंशन से पैसे दे तो। (गिफ्ट) deed से देना पड़ेगा ? क्या नही देने पर टैक्स पे करना पड़ेगा।

[@aashishbhatti381]

Thank you sar,

[@expertcasachin]

Thanks 🙏🏻

[@vinayassociates964]

Plz make a vedio on travel expenses remburshment that a marketing person have done performaning his job.

[@expertcasachin]

Noted

[@RKSharma2012v]

Good 👍 Sir, please upload a video on classification of supreme court order on notice U/S 148 dt 4th May 2022

[@prakashjoshi398]

Gift deed banane Mei kitne ₹Rs. ka Stamp Paper hona chahiye ?

[@taraprakash4386]

SACHIN BHAI SOURCE OF INCOME LEGALISE KARNA HAI. ELDERLY PERSONS PERSONAL COLLECTION (BUT NOT IN BANK) HOW TO LEGALISE IT . REQUEST MADE BY 4TH GENERATION GRAND DAUGHTER.

[@balakrishnaacharya3142]

Wah bhai

[@smarttaxaccountingservices4041]

Most Important Query : Mrs. ABC (Female) Age = 70 years Chawl room gone for SRA project and got possession in 2011. As per the Income Tax Section 54 this is exemption for SRA development. Then this flat sold on Jan-2024 of Rs. 60,00,000/- (FY_2023-24). TDS deposited by purchaser & reflected in Form 26AS (FY_2023-24) @1% Rs.60,000/-. Consideration has been credited in bank account in FY_2023-24 : -> Rs. 5,00,000/- (Jan-24) -> Rs. 55,00,000/- (Feb-24) Now she is going to transfer this amount to her both daughter in ratio @ 50:50 & deciding for making Gift Deed on stamp paper for taking Income tax exemption benefit u/s.56(2) of Income tax act in month of May-2024 (FY_2024-25). So, my question is that, how to show this transaction in Income tax return for FY-2023-24 & 2024-25.

[@singhmaan5529]

Thank you

[@expertcasachin]

Thanks 🙏🏻

[@SiddheshwarKinagi-oj3hm]

Thank you so much Sir ji, आपने , कहा के शादी हो गई है तो भी बेहन से पैसा ले सकते है,

[@bhavin8021]

Hello Sirji... My Cousin transfers me a certain Amount (via Upi) for every month. (Not as a loan. But as a Financial Aid) Total Amount at the end of the year is approx.1 Lac. Can I Show it as Gift income in ITR (Other Sources).? Do we need to execute a Gift Deed ?. Pls Help 🙏

[@anuamit2005]

Suppose I transfer 2 lakh in my daughter bank account to apply IPO and after allotment, I got profit in my daughter account. After that, I take back my 2 lakh and profit part in my daughter bank account. Who will pay tax on profit and why?

[@madanmohanshukla]

Nice

[@msbhandari3151]

Should any document be prepared for taking gifts.

[@expertcasachin]

Yes depend on type of gift

[@kalyaniaher6851]

Agar maine hi papa ko pehle diye the paise aur vapas leliye kuch mahine baad to tax lagega kya. Limit to hai nhi. Jo diye the salary mai se maine vo company ke pass data hai mera in form 16.

[@ManishKUMAR-sc1wq]

Can I take money from my father and brother and Jija in cheque and then invest in stock market and before finishing financial year return their money is it safe please tell me

[@yuvrajshinde2628]

Agriculture Land Incom पर ही Incom Tax लगता है का

[@expertcasachin]

Yes if urban land yes

[@yuvrajshinde2628]

@@expertcasachin Rural areas Land से खेतिमे का पिक कपास,गेहु,प्यास, बेचते है तो उस Amount के उपर ही Incom Tax देना पडेगा क्या उसपर बोलो जी 🙏

[@expertcasachin]

I need discussion and advice contact on 9319333248