Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rules

Whether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift. Under Section 56(2)(x) of the Income Tax Act, 1961 (Section 92(3) of the Income Tax Act, 2025) gifts received by the bride or groom on the occasion of marriage are completely exempt from tax.

from Tax-Wealth-Economic Times https://ift.tt/lGOyTae