Dear All,
Recently my boss got gift cash Rs.300000 by directly deposited in to bank account.
Is it taxable.If taxable what are the exemptions.He got the above gift on his marriage
Please reply as soon as possible.
Thanks to all
venkat
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Gift tax
Replies (1)
Nice question dude,,, I would like to inform you that any gifts received on the occassion of marriage is wholly exempt from any type of tax.
You can review the Section 56 for detail.
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