Cash received as gift from some relatives is tax exempt
iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she…
No tax benefit if mediclaim premium is paid in cash
iStock Photo I pay the health insurance premiums for both myself (67)…
Gift from certain relatives is tax free in India
iStock Photo After living in the US for 10 years, I returned…
Minor becomes a tax payer if her income arises from her skills
iStockPhoto My son (15) is a singer and performs at live shows…