Gift Recd in Cah or Kind on the Occasion of Marraige is Exempt. But is that for Claiming such an Exemption withdrawals for the Marraige Expenses are required to be shown( as i dont much clear details regarding the Expenses... Plz Reply
1 Replies
CASourav Agarwal
(CA & CS )
(235 Points)
Replied 28 July 2012
SHWETA,GIFT ON MARRIAGE IS NOT TAXABLE IF IT IS RECIEVED FROM ANY LINEAL ASCENDENT OR DESCENDENT ie, ANY KIND OF RELATIVE AND NO NEED IS THERE FOR WITHDRAWAL OF MARRIAGE EXPENSES ALSO..THEY CAN B CLAIMED 2.
Recent Topics
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
Related Threads
CAclubindia
