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WEDDING GIFTS TAX
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...
- Gold sales during Ganesh Chaturthi down 15% in volume amid price surgeThis year's Ganesh Chaturthi witnessed a 15% drop in gold sales volume compared to the previous year. Consumers opted for lighter gold piec...
- 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...
- Income Tax Dept seized gold, diamonds and silver in a tax search operation from lady’s house and bank locker; she wins case in ITAT MumbaiHow wife’s 35 yrs old marriage and inheritance helped her win case in ITAT Mumbai after Income Tax Dept seized her gold, diamond, silver it...
- Gold rate today (August 17, 2026): Check 18k, 20k, 22k, 24k gold jewellery prices from IBJA, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and Tanishq in Delhi, Mumbai, Hyderabad & more citiesIn today's marketplace, gold prices remain pivotal for both investors and those seeking gifts. Consumers are encouraged to explore pricing ...
- From Varuni to bhang: How India’s ancient drinking traditions became a colonial tax machineThroughout history, ancient Indian cultures embraced intoxicants such as toddy and cannabis, weaving them into the fabric of religious and ...
- 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...
- 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...
- Gift deed and relinquishment deed in real estate: What’s the difference?If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 4...
- Larger-than-life gesture: Shaquille O’Neal gave his friend Donald Trump a luxury gift worth thousands of dollars on his wedding to Melania in 2005; here's what the gift wasShaquille O'Neal gifted Donald Trump and Melania a $325,000 Rolls-Royce Phantom on their wedding day in 2005. Shaq's extravagant gift compl...
- What type of gift is taxed and what is exempted? Arnav Pandya explainsArnav Pandya explains income tax rules for gifts, highlighting exemptions for gifts from relatives like spouses, parents, and in-laws. Vari...
- Gifting beyond the confines of 'family'Unlike in the West, the notion of what comprises 'family', or individuals who share similar levels of familiality, is more expansive in Ind...
- Here's how to choose the best financial gifts for your loved onesGifting an investment or an insurance plan can transform the life of the recipient and is the best way to show you care.
- 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...
- Are gifts received on marriage taxable?Gifts received by the bride and the groom, on the occasion of their marriage, are exempt from tax.
- Blue chips are the new wedding wowsNot much has changed over the years at the archetypal Gujarati wedding - colour, hospitality, joie de vivre, sumptuous food and dandiya raa...
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