banner_ad

Gift recd on occasation of marraige

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 February 2019 DEAR SIR

ONE OF THE MY CLIENT RECD MERRAIGE GIFT ON OCCASATION ON HIS MERRIAGE RS 9,12,000 IN CASH & ALSO RS 2,12,000 IN CHQ TOTAL RS 11,24,000 (MORE 512 RELATIVE & OTHER PERSON )

SO PL GUIDE ME ALL AMT RECD AS GIFT IS EXEMPT IN INCOME TAX ACT U/S 56 (2) IF CASH EXCESS THAN RS 200 000 FROM MORE THAN 512 PERSON OR TAXABLE (CLARIFY THAT CASH GIFT EXCESS RS 2 LACS TAXABLE OR NOT)

THANK
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
19 February 2019 Gift received on the occasion of marriage is exempt without any limit.
100% penalty leviable on cash gift received from a person of 2 lacs and above under section 269ST.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details