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Money received from parents from uk

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 April 2013 I am going to marry in 2 months & I have already received Rs. 600000 from my parents in F.Y. 2012-13 for marriage expense in my sbi account directly. my parents are UK citizen. They are now again going to send me another rs. 500000 to my account in f.y 2013-14. please explain me what is tax applicability on it? with section if possible
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
19 April 2013 Gift from parents is no taxable in the hands of the child u/s 56(2)(vii).

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