Gift Tax Rates 2024 In India. The 2024 gift tax limit (also known as the gift tax exclusion) increased to $18,000 this year from $17,000 last year. Updated per latest union budget 2024.
This blog post covers the exemption list, provisions, and tips on how to save on gift tax. Gift tax on immovable property without consideration of a person or hindu undivided family will need to pay the necessary.