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60 TH MARRIAGE GIFT RECEIPT REG


MEENA VIVEK   11 November 2019

MEENA VIVEK

 4 likes  165 points

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Gift cheque of Rs.222000/ Received From Various Persons on 60th Birthday for my friend's father who is an assessee having annual income 6.75 lakhs above whether exempt u/s 56 of I T Act 1961 or includible in his Total income.Please also tell us 60th birthday can be considered as 60th marriage occasion.

avater

Kapadia Pravin   11 November 2019

Kapadia Pravin

 916 likes  14288 points

View Profile | My Other Post

Not Exempt under 56
Deemed income of full 222000/- includible
Marriage anniversary does not qualify for Exempt Gift.

But you have great idea indeed to interchange birth & marriage date ☺️

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