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Question ID : 132

Gift received at the time of marriage

on the occasion of marriage the assessee receives cash gifts small denomation amountg to Rs. 00,-. But there is no stamp deed to this effect.
He also receives 1,00,000,- gift by cheque from a ive who also gives the gift deed along with it.
My query is that is it taxable.


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Posted by Shikha on Sep 02, 2005
Filed Under DIRECT TAXES

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