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Gift on marriage
My grandmother gave 245gram gold jewellery to my wife in our marriage. There are my two quarries first what we call it in "property return" gift or inheritance and second is this taxable.
Replies (2)
Quick Summary
Gift received from relatives on the occasion of marriage is not taxable under the Act.
Agreed with @ Kiran Ji !
here two thing , we need to focus that is gift received from relative
and gift received on the occasion of marriage
NO question of taxability shall be raised .
Thanks !
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