Tax on marriage gifts: A lot of money is spent on weddings in India. You must have seen. Often relatives, friends and other people come. Almost everyone brings gifts. Someone gives money as a gift. So someone gives expensive items as gifts. In such a situation, this question often comes in the minds of people whether there is any kind of tax on the gifts received at a wedding or on the money received as a gift. Let us know what the income tax rules say regarding gifts received at…
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