Cash gift in marriage
This query is : Resolved
11 June 2020
Dear Sir, If any one deposit amount above rs 2 lakh in saving account cash gift recieved in own marriage given by father and recieve an income tax notice under 271da.if proof of marrige cash gift is provided then this would be justifiable to income tax for waive of penalty.
11 June 2020
Yes provide proof of marriage and list of cash gift not exceeding Rs 2 lacs from one person. It would be justifiable to income tax for waive of penalty.
12 June 2020
Thank you sir for giving your time and share your advise.
But if father given daughter amount exceeding 2 amount and this is recieved from single person in that case it is acceptable ?.
But if father given daughter amount exceeding 2 amount and this is recieved from single person in that case it is acceptable ?.
12 June 2020
Not acceptable...................
12 June 2020
Ok thank you very much sir.
I was thinking in that way that under gift act gift given by relative may be justifiable.
I was thinking in that way that under gift act gift given by relative may be justifiable.
12 June 2020
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