Property gifts valued at ₹45 lakh and above will now face closer scrutiny under Income-tax Rules, 2026, with registrars reporting these transactions. This move aims to enhance data-driven monitoring, as non-disclosure of taxable gifts or non-genuine arrangements can lead to penalties, interest, and potential action under the Benami Property Transactions Act.
from Tax-Wealth-Economic Times https://ift.tt/6UKJWy4
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