2024 Lifetime Gift Tax Exemption. The ministry of finance has notified the direct tax vivad se vishwas scheme, 2024 which will come into effect from october 1, 2024. In general, it's better to give assets to your.
In general, the gift tax and estate tax provisions apply a unified rate schedule to a person’s cumulative taxable gifts and taxable estate to arrive at a net tentative tax. This scheme aims to reduce.