Marriage gift

This discussion explores whether a Rs 2 lakh marriage gift from a boss should be declared in an Income Tax Return (ITR). While gifts received on the occasion of marriage are generally tax-exempt regardless of the giver's relationship, there's debate on whether this applies when the giver is an employer due to the existing employer-employee relationship. Section 56(2)(x) of the Income Tax Act is referenced, with differing interpretations on its applicability to non-relative gifts in this context.