Hello, is there any recent rules from government side/tax deptt as to how much maximum cash can be gifted to bride/groom on one day in the event of their wedding? I had heard cash payments above 2L is prohibited but does this pertain to weddings?
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Maximum cash gift limit in weddings
Replies (3)
See section 56(2)(vii)
This section does not reply to my question in reference to recent amendements.
Divergent views: section 269ST applies to 'event as a whole' or 'person to person'...... is not clarified.
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