Wait!! Get FREE Share Investment Account

Zero Brokerage on Equity Delivery! Join 1+ crore investors & traders! Open Trading & Demat Account Online @ Zerodha: No.1 Discount Broker in India

Open FREE Instant Online Account Now
X
    Categories: Your Queries

Q.Mr.Raj received a gift from a friend on the occasion of his marriage.Is it taxable?

Ans.No,a gift received from a friend on the occasion of marriage is not taxable in the hands of recipient.Hence,gift received by Mr.Raj on his marriage is exempt from tax.

To dig deeper refer blog on taxability of gifts.

Harleen Kaur: A Chartered Accountant with 14+ years of experience in the Corporate world. A Finance & technology (a fintech) enthusiast, a passionate financial blogger, Founder @ Fintrakk.com and a Finance FAQ Portal. In short, a CA, a Bachelor of Commerce whose very foundation has been learning about finance. I am actively contributing towards the financial literacy goal through my business ventures and spreading awareness in the dynamic field of finance, investment, stock market, money savings, career and a lot more. Reading, learning & sharing interesting information, this is what I enjoy!! I have researched and written hundreds of blogs on Indian financial topics! Now, expanding my blogging horizon towards Personal Finance in Canada, and USA as well.
Related Post