Interactive tool
Is this taxable?
Choose an income type to see its likely tax treatment, how it is generally taxed and where it may be reported.
A general guide, not a tax opinion
The Income-tax Act, 2025 applies from 1 April 2026 and calls the relevant period a “Tax Year”. Income earned up to 31 March 2026 continues under the Income-tax Act, 1961 framework. Select the period relevant to the income below.
Likely treatment · Tax Year 2026–27+
Cannot determine without more details
Gift tax treatment turns on who gave it, what was received, value, occasion and whether anything was paid in return.
How it is generally treated
Confirm the donor relationship, whether the transfer was a gift or sale, asset type, value and date.
Where to report it
Once classified, taxable gifts are commonly considered under Income from Other Sources; exempt disclosure depends on the return utility.
Important: Use the current law and consider professional advice before filing.
This guide does not calculate tax, determine whether you must file a return, or replace review of the current Act, Rules, notifications and ITR utility. Reporting heads shown here are general; the correct return form and schedule depend on your complete facts.
Sources: Income-tax Act transition guidance, gift rules, agricultural income, income treatment and capital gains.
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