Wedding Gift Tax Exemption in India: The wedding season is currently underway across India. Gifts are typically given by family members and relatives as a token of affection. With crores being spent in the exchange of gifts during weddings, a lot of people often wonder if gifts received in weddings are taxable under the Income Tax Act.

Typically, any gift up to Rs 50,000 in a given financial year has no direct tax implication. There’s no ceiling if it is given to a parent, spouse or children.

Experts state that the Income Tax Act allows exemptions for gifts received on the occasion of marriage, regardless of whether they are given before or after the wedding day.

However, the intent behind the gift matters a lot. If the gift can be clearly linked to the wedding, it qualifies for the ex

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