Income fron other sources
This query is : Resolved
10 September 2016
sir i have one diubt
incone from other sources
assee friend gift a wrist watch worth Rs one lakh .he purchased watch in foreign. he gifted a watch at time of marriage
pls tell this is taxable of not taxable
CA R SEETHARAMAN
(Expert)
10 September 2016
Gift at the time of marriage is not taxable.
12 September 2016
Gift received at the time of marriage or any social function are not taxable
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