Is it a loophole in income tax act?

That loop hole now plugged by sec. 269ST.......

And those gifts were required justification or verification from donor/s........

Thaks for the reply sir.

But what if we dont know who is donor ?? Its difficult to identify donor on marriage.

The responsibility to justify the gift/donation lies on Receiver, otherwise it will be declared as undisclosed income....... and then the consequences.......

Thanks for clarification sir,

Most Welcome,  Dear......

Cash Gifts......... only.....

Since the receiver has record the name and address of doner with address and the gift received more than Rs. 10000 in cash on the occassion of marriage, what are the consequences?

from one person/relative.

If the relatives are ready for confirmation of Gifts, why can't you accept cheques !!

It will be exempt from Tax if you received gifts from your friend or relative on occasion of marriage and you have record of it. (even if amount exceeds Rs. 2,00,000)