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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?
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Nikhil Kaushik

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

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

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Querist : Anonymous (Querist)
16 August 2014 thanks sir for give answer nikhil kaushik and associates & rupesh jain
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