banner_ad

gifts on marriage

Others 388 views 5 replies
User Avatar

244 Points Posted on 29 December 2018
my client was married 5 months ago . their relatives were comitted that gift of 10 cents of site. and they made gift agrement on same day but it was registered some months later for some reasons . so that gift whether exempted or not
0 Reply Share Follow
On 29 December 2018 at 17:31 Report
Replies (5)
User Avatar

Student CA Final
12692 Points Posted on 29 December 2018
If it is received from Relatives then it is exempt irrespective of the fact whether it has been given on marriage or after that.

If it is received from Friends etc. then you have to prove that the Gift was given due to occasion of marriage only.
5 Reply
On 29 December 2018 at 18:08
User Avatar

244 Points Posted on 29 December 2018
we have valid aggrement .
Reply
On 29 December 2018 at 18:20
User Avatar

0
96 Points Posted on 29 December 2018
Sir,
Irrespective of the date of registration, gift received on occasion of marriage is exempt whether it is received from relative or non-relative
Reply
On 29 December 2018 at 18:28
User Avatar

244 Points Posted on 29 December 2018
thank u mam for ur valauable responce.
Reply
On 29 December 2018 at 18:32
User Avatar

Teacher Consultant and CA finalist.
543 Points Posted on 29 December 2018
If gift from relative then it's exempted otherwise if it's exceeding aggregate of rs 50000 then taxable.
Note:above provision is for gift without consideration.
2 Reply
On 29 December 2018 at 18:41


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details