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Cash gift of ₹51000 by maternal uncle received on son's marriage. Is it taxable in the hands of father ?
Replies (5)
AT THE TIME OF MARRIAGE GIFT RECEIVED IS TAXFREE
please tell me the Section no. where describes about this.
| Originally posted by : Rajdeep Bhagat | ||
 |
Cash gift of ₹51000 by maternal uncle received on son's marriage. Is it taxable in the hands of father ? |  |
If we consider the question "as is" word by word basis then YES the amount received will be taxed in father`s hand BECAUSE your question depicts as if the " father " received the gift on occasion of son`s marriage not the son ... so to qualify as " tax free gift on occasion of marriage " the gift SHOULD be made to the person who is actually getting married ... not to any other relative of the bride/groom...
* Section 56(2) and relevant subsections/clauses applicable in gifts received from relatives and GIFTS received on marriage occasion (from relative/non relative) .
thank you so much sir..
yes as per Section 56.
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