Marriage Gift Received in Cash
This query is : Resolved
06 December 2021
Sir,
I have received Cash from Different Individuals & Relatives in my Daughter Marraige. Which my Daughter has given to me and asked to put fixed deposits and with the interest received to take care for my medical expenses. Whether it will be taxable. or should i get a gift deed from my daughter for the cash received.
Kindly advise.
Nagarajan N
I have received Cash from Different Individuals & Relatives in my Daughter Marraige. Which my Daughter has given to me and asked to put fixed deposits and with the interest received to take care for my medical expenses. Whether it will be taxable. or should i get a gift deed from my daughter for the cash received.
Kindly advise.
Nagarajan N
06 December 2021
No. It will not be taxable.
But keep record of the cash gifts received by your daughter on the occasion of marriage. & make gift deed for the amount you received.
If amount is more than 50K, better to take it by bank transfer.
But keep record of the cash gifts received by your daughter on the occasion of marriage. & make gift deed for the amount you received.
If amount is more than 50K, better to take it by bank transfer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- ITDS U/S.194T of Firm
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- TDS Return Q1 FY 2026-27
- GST not cancelled by tenant
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
