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Time Period for the Term "Occasion of Marriage"

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(Querist)
05 September 2007 Sir,

U/s 56 Amounts received as Gifts exceeding of Rs. 50000/- is taxble in the hands of receipent subjected to Exemptions.

Of Which

Gifts received on the "Occasion of Marriage of Individual" is Exempt

Query: What is Time Period will be considered for " Occasion of Marriage"
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CA Mani

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CA Mani (Expert)
05 September 2007 There is no limit prescibed in the Act/ Rules.

It should be reasonable.

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