Tax effect on gift
This query is : Resolved
26 February 2014
Gift given in the occasion of second marriage is taxable or exempt?pls answer with case law
26 February 2014
it dosen't matter wheather it is 1st or 2nd, it is fully exempted.
30 May 2014
Gift received by any person (without limit) on the occasion of the marriage is tax free in the hand of individual (recipient).
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