2024 Gift Tax Exemption Amount. The united states government imposes a gift tax on gifts of money and other property that exceed the annual gift tax limit of $18,000 in 2024. One is the annual gift tax exclusion, also known as the gift tax limit, a set dollar amount adjusted yearly for inflation.

This table below offers a glimpse of the gifts that come under the purview of gift tax in india 2022. Suppose the stamp duty is rs.