banner_ad

Gift from client

1152 views 3 replies
Is gift received by a person from his client on the occasion of marriage taxable under PGBP section 28?

Or will it be exempt as per 56(2)(x)?
Replies (3)

Exempt u/s 56(2)(x).

gift received by a person from his client on the occasion of marriage is NOT CHARGEABLE TO TAX
NON APPLICABILITY OF SECTION 56(2)(x)
any sum of money or value of property received on the occasion of marriage is outside the ambit of the above section
section 28 is charging section applicable in course or furtherance of business
gift on the occasion of marriage is outside the ambit in the course or furtherance of business

so, GIFT RECEIVED ON THE OCCASION OF MARRIAGE IS NOT CHARGEABLE TO TAX
Thank you dhirajlal sir and mohammed bhai😊


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details