Gifts with a monetary value of over Rs 50000 received from anyone other than a defined relative, is subject to tax in the hands of the recepient.

However, gifts received by bride and the groom , on the occasion of their wedding, are exempt from tax.

Deposit cash received as gifts into the bank account as close top the wedding date as possible.

High value gifts, especially a car or a house, should be supported by a gift deed, dated close to the date of wedding

Maintain a record of gifts received at the wedding as part of the normal documentation of assets you hold, especially precious jewellery.

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