Time Period for the Term "Occasion of Marriage"
This query is : Resolved
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"
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"
05 September 2007
There is no limit prescibed in the Act/ Rules.
It should be reasonable.
It should be reasonable.
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