Gift on marriage

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37 Points Posted on 06 May 2020
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.
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On 06 May 2020 at 20:53 Report
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A user received 245 grams of gold jewellery from their grandmother as a wedding gift and is unsure if it's considered a taxable event or an inheritance. The consensus is that gifts received from relatives on the occasion of marriage are not taxable under the relevant Act.

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837 Points Posted on 06 May 2020
Gift received from relatives on the occasion of marriage is not taxable under the Act.
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On 06 May 2020 at 22:20
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Chartered Accountant
12739 Points Posted on 06 May 2020

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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On 06 May 2020 at 23:42

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