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Income fron other sources

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(Querist)
10 September 2016 sir i have one diubt incone from other sources assee friend gift a wrist watch worth Rs one lakh .he purchased watch in foreign. he gifted a watch at time of marriage pls tell this is taxable of not taxable
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 September 2016 Gift at the time of marriage is not taxable.
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CA Amrita Chattopadhyay

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CA Amrita Chattopadhyay (Expert)
12 September 2016 Gift received at the time of marriage or any social function are not taxable
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