It on marriage gift received in form of cash

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Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2017 Hi
I received Rs 2 lakhs as marriage gift in form of cash, is it liable to IT?

Thanks

Sandeep Sankaran

Sandeep Sankaran (Expert)
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23 March 2017 No gift received on the occassion of marriage is not taxable.

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2017 Hi Sandeep Sir,

I received about 4 lakhs as gift in form of cash from relatives and far guests on my marriage, so weould a list of relatives/guest with the amount received on piece of paper would be sufficient for future refences?

Thanks!