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Maximum cash gift limit in weddings

Tax queries 441 views 3 replies

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?

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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