wedding gifts tax-free in India? 🎁 Learn the tax rules on cash, gold, and jewelry received at weddings, and find out what is truly tax-exempt.
Weddings in India are grand, elaborate, and filled with gifts. But couples often panic later: “Are these gifts taxable?” Relax! The Income Tax Act, 1961, gives full exemption on wedding gifts under Section 56. That means gold, cash, jewelry, or even UPI transfers stay tax-free if received during marriage. Just remember! Outside weddings, rules differ.
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Gifts at weddings are fully tax-free (cash, gold, property, UPI).
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Gifts from relatives are always safe from tax.
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Non-relatives can gift up to ₹50,000 tax-free.
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Still must declare in ITR under “Other Sources.”
👉 Why this matters: Newlyweds can enjoy their wedding gifts without fear but must stay compliant with tax filings.
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