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 Threads
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
Related Threads
CAclubindia
