Hello, is there any recent rules from government side/tax deptt as to how much maximum cash can be gifted to bride/groom on one day in the event of their wedding? I had heard cash payments above 2L is prohibited but does this pertain to weddings?
3 Replies
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 04 February 2018
This section does not reply to my question in reference to recent amendements.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 04 February 2018
Divergent views: section 269ST applies to 'event as a whole' or 'person to person'...... is not clarified.
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