Gift received on marriage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 May 2012
Gift received on occassion of marriage is exempt from tax.So, this is a case of converting black money into white.
what kind of document/detail that A.O may ask from assessee?
if not provided will it be added to income of the assesse?
what kind of document/detail that A.O may ask from assessee?
if not provided will it be added to income of the assesse?
N GANESHAN.
(Expert)
01 June 2012
Dear concerned-
1 Produce the marriage invitation copy,
2 if the gift credited is a huge amt, then prepare a list of relative, friends etc who has contributed the gift amt.
3 if yu wish to include non contributors in that list have a word with them of your intention to do so.
hope you got the point
with this AO may satify- He can add the portion of gift as income but you can file an appeal
best wishes/
ganeshan
1 Produce the marriage invitation copy,
2 if the gift credited is a huge amt, then prepare a list of relative, friends etc who has contributed the gift amt.
3 if yu wish to include non contributors in that list have a word with them of your intention to do so.
hope you got the point
with this AO may satify- He can add the portion of gift as income but you can file an appeal
best wishes/
ganeshan
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