Cash received from friends in marriage

This query is : Resolved

Querist : Anonymous

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?

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

Rupesh Jain (Expert)
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16 August 2014 whole amount received on marriage is exempt.

Querist : Anonymous

Querist : Anonymous (Querist)

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

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