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Gift

This query is : Resolved 

03 July 2014 gift recd from relatives on occasion of marriage is taxable?

03 July 2014 Gifts received from any person at any amount/value at the time of marriage is not taxable.

OM SAI SRI SAI JAI JAI SAI

04 July 2014 no it is taxfree received form the relatives there nom monetary limit.

02 October 2021 Gift received on the occasion of Marriage, from anyone, is tax free as per sec, 56(2)(x) of IT act.


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