Gift
This query is : Resolved
03 July 2014
gift recd from relatives on occasion of marriage is taxable?
03 July 2014
Gifts received from any person at any amount/value at the time of marriage is not taxable.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
04 July 2014
no it is taxfree received form the relatives there nom monetary limit.
02 October 2021
Gift received on the occasion of Marriage, from anyone, is tax free as per sec, 56(2)(x) of IT act.
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