Fri, May 31, 2019
Gifts in form of either cash, cheque, draft, etc. they all are taxable. However, not all have to pay taxes even if they have received over Rs 50,000 cash gift.
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Mon, Dec 18, 2017
Currently, tax has been exempted on cash gifts up to Rs 50,000. So if you have received such an amount during your wedding, you can deposit it in your bank account without worrying about paying taxes on it.
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