Tax On Diwali Gift: Diwali is considered the biggest festival of the year in India and is celebrated with great pomp. On this festival, people decorate their homes, worship Lakshmi-Ganesh and give gifts to their family, friends and loved ones. This gift is considered a way to strengthen relationships and share happiness. Apart from this, … Continue reading Tax On Diwali Gift: Can Diwali gift or bonus be taxed? Know the rules and ways to avoid it