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CASH WEDDING GIFTS
Under-the-counter cash gold sales boom in India as high prices and taxes biteHigh gold prices, combined with higher taxes, are encouraging more buyers to engage in cash transactions. This trend allows buyers to save ...- Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?A wedding gift of ₹10 lakh in cash sounds like a reason to celebrate, but one woman's post about her cousin's gift has sparked a very diffe...
- Indians may heed PM Modi's gold message this festive season, with a twistIndia’s festive gold demand is likely to be stronger in value but weaker in volume this year as record prices, higher import duties and Pri...
- Estate planning: Why passing on wealth during your lifetime can be a smarter succession strategyGifting and charity, in cash and kind, during one’s lifetime offers the scope for creating shared experiences of celebration, travel, enter...
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether 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...
- Who is Arun Panwar, the YouTuber facing backlash for receiving Rs 71 lakh cash, 21 tolas gold, jewellery as 'daan' for his wedding? See viral videoArun Panwar, a YouTuber from Haryana who posts videos on cars and SUVs, has come under fire for receiving Rs 71 lakh cash, 21 tolas of gold...
- Getting expensive wedding gifts? They’re tax-free, but only if you keep these proofs handyWedding gifts, even those by non-relatives or received before or after the wedding, are exempt from tax. But preserve proofs like wedding i...
- Father receives Rs 4 lakh as cash gift in son’s marriage and wins income tax case of unexplained income; ITAT Ahmedabad ruling explainedManubhai faced tax issues over cash gifts received before his son's wedding. The tax department alleged undisclosed income. Manubhai contes...
- 1 kg gold, 4 suitcases of cash, 210 bighas land, petrol pump: Marwari family gives Rs 21 crore mayra in wedding. Watch viral videoA family from Rajasthan's Nagaur district presented a mayra worth Rupees 21.1 crore at a wedding. The mayra included gold, silver, land, a ...
- 10 Best-selling Shagun Envelopes for Wedding Season 2024Shagun envelopes are an essential part of Indian wedding traditions, symbolizing blessings and good fortune for the newlyweds. These decora...
- Inflation ties heartland’s wedding consumption in knotsWedding celebrations in rural and semi-urban areas of India are being affected by persistent inflation. The rising prices of essential item...
- Wedding season: No significant pick-up in demand for gold jewellery, household and kitchen appliances in semi-urban & rural marketsThis is driven by the fact that daily household inflation is yet to sober down completely impacting consumption amongst masses or people wi...
- Indians opting to give online gift cards this wedding season: MakeMyTripRs 10,000-card is the most sold denomination, followed by Rs 5,000, and Rs 1,000. The card allows couples to book holiday packages, hotels,...
- Western traditions taking off in India: Young couples getting hitched now curate & share wedding registryAnother popular option that these websites provide is a cash fund.
- Startups fulfil your wedding wishlists. Wedding Wishlist, founded by Kanika Subbiah, has gone a step further by offering 'Charity' as a category. "Many couples want to do their ...
- Cashless India walks down the online aisle at weddingsAs cash runs dry in wallets, startups are rising to the occasion. Wedding arrangements in cashless India are turning out to be a purely onl...
- Grey areas people are exploiting to justify unaccounted cash as legal incomeTax professionals are charging 5% to 25% to suggest strategies that can convert unaccounted cash into legitimate money. Here are some of th...
- Weddings give the jitters as cash suddenly vanishesPayments for the hall, tent house costs, travel and other major overheads can be made by cheque, but flowers, decoration and items needed f...
- Are gifts received on marriage taxable?Gifts received by the bride and the groom, on the occasion of their marriage, are exempt from tax.
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