Money gifted by relative in bank account is not liable to tax – Chirag Nangia

Starting September, those who are filing income tax return will need to provide a detailed break-up of Employees’ Provident Fund (EPF) withdrawal. This is among the few changes that the Central Board of Direct Taxation has done in the tax filing utility and ITR forms recently.

2.       Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA.