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US$ 30 million (2020) Number of employees. 300 [ 2] Website. www .igp .com. ae .igp .com. IGP is an India-based online retailer of personalized, floral, gourmet, and handmade gifting products, as well as a distribution company, founded by Tarun Joshi in 2017. [ 3] The company is headquartered in Mumbai, India, and operates in India, Singapore ...
As per the Gift Tax Act 1958, gift (in the form of cash, draft, check or others) is an excess of Rs. 50,000/- received from one who doesn’t have any blood relations with the donee, were taxable. However, from 1 October 1998, Gift Tax [3] got demolished and all the gifts made on or after that date were Tax-free.
The name "GIFT" is an acronym that stands for "Gujarat International Finance Tec-City". The word "Gujarat" refers to the western Indian state where the city is located."International" signifies that the city is intended to be a global hub for financial and business services, attracting businesses and investors from around the world.
Look up Indian giving in Wiktionary, the free dictionary. " Indian giver " is a pejorative expression used to describe a person who gives a "gift" and later wants it back or who expects something of equivalent worth in return for the item. [1] It is based on cultural misunderstandings that took place between the early European colonists and the ...
The International Financial Services Centres Authority ( IFSCA) is the regulatory body for the Indian special economic zones such as the GIFT International Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India. [3] It was established in 2020, under the International ...
v. t. e. A gift economy or gift culture is a system of exchange where valuables are not sold, but rather given without an explicit agreement for immediate or future rewards. [1] Social norms and customs govern giving a gift in a gift culture; although there is some expectation of reciprocity, gifts are not given in an explicit exchange of goods ...
Dāna ( Devanagari: दान, IAST: Dāna) [2] is a Sanskrit and Pali word that connotes the virtue of generosity, charity or giving of alms, in Indian religions and philosophies. [3] [4] : 634–661. In Hinduism, Buddhism, Jainism, and Sikhism, dāna is the practice of cultivating generosity. It can take the form of giving to an individual in ...
About two-thirds of Indian households, according to the ASSOCHAM forecast, would spend between ₹ 5,000 (US$60) and ₹ 10,000 (US$120) to celebrate Diwali in 2017. [167] Stock markets like NSE and BSE in India are typically closed during Diwali, with the exception of a Diwali Muhurat trading session for an hour in the evening to coincide with ...