gift on engagement
This query is : Resolved
08 June 2010
I HAD RECEIVED Rs. 10 LAC AS GIFT FROM MY IN-LAWS ON MY ENGAGEMENT. I WANT TO DEPOSIT THIS AMOUNT IN MY SB ACCOUNT AS THIS AMOUNT WILL BE USED-UP IN MY MARRIAGE LATER-ON.
ADVICE ABOUT THE POSSIBLE ENQUIRIES BY THE BANK OR IT-DEPARTMENT.
ADVICE ABOUT THE POSSIBLE ENQUIRIES BY THE BANK OR IT-DEPARTMENT.
08 June 2010
GIFT RECEIVED ON OCCASION OF MARRIAGE IS EXEMPT FROM TAX. SO, SHOW THIS AMOUNT AS GIFT RECEIVED ON OCCASION OF MARRIAGE. ALSO MAKE A GIFT DEED SINCE AMOUNT INVOLVE IS BIG.
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