Poonawalla fincorps
Poonawalla fincorps

Gift on marriage

This query is : Resolved 
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(Querist)
19 June 2014 is cash received on marriage from other than relative is taxable or not if it is then what is the tax treatment for this.. thanks
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 June 2014 not taxable. please refer proviso (b) to section 56(2)(vii)...
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2014 gift are not taxable received from the relatives.
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