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Tax effect on gift

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(Querist)
26 February 2014 Gift given in the occasion of second marriage is taxable or exempt?pls answer with case law
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Sandeep Dharar

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Sandeep Dharar (Expert)
26 February 2014 it dosen't matter wheather it is 1st or 2nd, it is fully exempted.
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CA Shashank Jain

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CA Shashank Jain (Expert)
30 May 2014 Gift received by any person (without limit) on the occasion of the marriage is tax free in the hand of individual (recipient).




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