Lifetime Gift Tax Exclusion 2025 In India

Lifetime Gift Tax Exclusion 2025 In India. You can give away $13.61 million over your lifetime without incurring any gift tax liability. The income tax act states that gifts whose value exceeds rs.50,000 are subject to gift tax in the hands of the recipient.


Lifetime Gift Tax Exclusion 2025 In India

This adjustment allows individuals to gift up to $18,000 per recipient without triggering any gift tax liability. 2025 lifetime gift tax exclusion amount.

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