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    HomeNewsBusinessPersonal FinanceShowered with gifts at your wedding? Here’s how they will be taxed (or not)

    Showered with gifts at your wedding? Here’s how they will be taxed (or not)

    Gifts received on the occasion of a wedding from relatives, friends and acquaintances are tax-free. However, if exemption is claimed on gifts received from a relative or friend well in advance, be prepared for queries from the income tax department.

    Preeti Kulkarni
    December 21, 2023 / 15:02 IST
    Gifts received by brides and grooms at their wedding do not attract tax
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