Tax Rules on Diwali Gifts. Know What the Rules Are?

Tax Rules on Diwali Gifts. Know What the Rules Are?

Diwali is quickly approaching. On Diwali, everyone enjoys giving and receiving gifts. Gifts come in many forms, including money, candy, clothing, and gold ornaments. Giving extravagant gifts on Diwali, such as cars and real estate, is also considered lucky. Even the...