I recived Rs 49000 as marriage gift . In which column in ITR2, this has to be mentioned?
Regards
Amit
3 Replies
CA Lovenish Bansal
(JOB)
(343 Points)
Replied 04 June 2009
Gifts received at Marriage is not taxable at all
Thanks
Armaan
(Student)
(181 Points)
Replied 11 June 2009
thats correct any gifts received on occassion of marriage are fully exempt.You need not show in ITR thus.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 11 June 2009
Gift received on marriage of whatever amount is not taxable as it is covered by the exemption given u/s 56(2)(vi) and since it is not an exempt income it need not be disclosed in the ITR
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