A gift recevied on occasion of marrage is exampt from tax.If i received 1 crore from my friend as a gift on occasion of marrage whether I need to submit a proof of marrage to ITO.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160926 Points)
Replied 27 August 2018
Yes, also the capacity of donor for the gift amount; whenever any query raised.
CAclubindia
