Cash received from friends in marriage

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 August 2014 any one please explain it. how much cash amount received in marriage exempted ? and which section covered under income tax act 1961?

16 August 2014 the whole of it is exempt. Please refer section 56(2)

16 August 2014 whole amount received on marriage is exempt.

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Querist : Anonymous

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16 August 2014 thanks sir for give answer nikhil kaushik and associates & rupesh jain


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