Hi
I received Rs 2 lakhs as marriage gift in form of cash, is it liable to IT?
Thanks
Menu
It for marriage gifts in form of cash
Replies (2)
Money received on the occasion of the marriage of the individual is not chargeable to tax.
Recent Threads
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
Related Threads
CAclubindia
