One of my client received gifts worth Rs. 5 Lakh in cash on his marriage.
I understand that these gifts are not taxable in his hands but is this income required to be disclosed anywhere in the income tax return?
If yes, then where?
Neha sharma (-) (1257 Points)
16 December 2013One of my client received gifts worth Rs. 5 Lakh in cash on his marriage.
I understand that these gifts are not taxable in his hands but is this income required to be disclosed anywhere in the income tax return?
If yes, then where?
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