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Gift from client

18 January 2019

Is gift received by a person from his client on the occasion of marriage taxable under PGBP section 28?

Or will it be exempt as per 56(2)(x)?

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166601 Points)
Replied 18 January 2019

Exempt u/s 56(2)(x).

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MOHAMMED IMRAN (1020 Points)
Replied 18 January 2019

gift received by a person from his client on the occasion of marriage is NOT CHARGEABLE TO TAX
NON APPLICABILITY OF SECTION 56(2)(x)
any sum of money or value of property received on the occasion of marriage is outside the ambit of the above section
section 28 is charging section applicable in course or furtherance of business
gift on the occasion of marriage is outside the ambit in the course or furtherance of business

so, GIFT RECEIVED ON THE OCCASION OF MARRIAGE IS NOT CHARGEABLE TO TAX

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