I recived Rs 49000 as marriage gift . In which column in ITR2, this has to be mentioned?
Regards
Amit
Menu
Gift recived at marriage time
Replies (3)
Gifts received at Marriage is not taxable at all
Thanks
thats correct any gifts received on occassion of marriage are fully exempt.You need not show in ITR thus.
Gift received on marriage of whatever amount is not taxable as it is covered by the exemption given u/s 56(2)(vi) and since it is not an exempt income it need not be disclosed in the ITR
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
