I just wanted to know if on marriage occasion an Individual has received a Cash gift of considerable amount and want to deposit 50% in his account and 50% in wife's account then what documents needed to justify the same before Income Tax Authority.
Marriage was in Dec.12 and he wanted to deposit cash before Mar.13, is there will be an issue on this part?
Any other precautions needs to be taken to prove the amount deposited is out of gift on marriage occasion.
CAclubindia
