Income Tax Returns (ITR) filing top hack: How you can gift and still save tax on top of HRA, tuition fee, more

Income Tax Returns (ITR) filing: When you use gift as a tool to save the income tax, then you need to be very careful. If you make any mistake in understanding the provision, then it could result in clubbing of income and you may need to pay tax on such transaction. You must discuss with your tax advisor/CA before using the ‘gifting’ provision to save the tax.

Income Tax Returns (ITR) filing top hack: How
Income Tax Returns (ITR) filing: You can use ‘gift’ as a tool to save taxes. Let’s check out what all you need to do, while using ‘gift’ as a tax saving tool. Image source: Pixabay

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