Gift on wedding
This query is : Resolved
Jatin Shukla
(Querist)
14 February 2013
Dear Sir(s),
I just wanted to know if on marriage occasion an Individual has received a Cash gift of considerable amount and want to deposit 50% in his account and 50% in wife's account then what documents needed to justify the same before Income Tax Authority.
Marriage was in Dec.12 and he wanted to deposit cash before Mar.13, is there will be an issue on this part?
Any other precautions needs to be taken to prove the amount deposited is out of gift on marriage occasion.
I just wanted to know if on marriage occasion an Individual has received a Cash gift of considerable amount and want to deposit 50% in his account and 50% in wife's account then what documents needed to justify the same before Income Tax Authority.
Marriage was in Dec.12 and he wanted to deposit cash before Mar.13, is there will be an issue on this part?
Any other precautions needs to be taken to prove the amount deposited is out of gift on marriage occasion.
NITIN SHARMA
(Expert)
16 February 2013
Marrige certificate having date of marrige
list of persons from whom gift recived with amount received from them.
list of persons from whom gift recived with amount received from them.
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