Gift
This query is : Resolved
26 December 2013
MAXIMUM LIMIT OF GIFT ON OCCASION OF MARRIAGE OF DAUGHTER AND GIFT GIVEN TO DAUGHTER ON MARRIAGE IS CLUB ON DAUGHTER INCOME OR NOT KINDLY GIVE FULL DETAIL REGARDING THIS
26 December 2013
pls go thru this link..
https://www.caclubindia.com/forum/tax-on-gifts-received-269767.asp#.Urv6t87W3Dc
regards,
https://www.caclubindia.com/forum/tax-on-gifts-received-269767.asp#.Urv6t87W3Dc
regards,
03 October 2021
There is no limit for gift given at the occasion of marriage. (of Daughter). The gifted asset will be property of the daughter itself, and any income derived from it will be assessed in the hands of daughter. No clubbing provision.
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