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Are there any occasions other than marriage whe...

Are there any occasions other than marriage where property received by an individual without consideration not chargeable to tax?

Are there any occasions other than marriage where property received by an individual without consideration not chargeable to tax?

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Jeeba Lal Jun. 27, 2018

Any property received by an individual without consideration for the value exceeding Rs 50000 shall be chargeable to the tax.

However, if the property is received on the occasion of marriage, it is exempt from tax.

Further, there is no any occasion than marriage where property received without consideration is not liable to tax.

Are there any occasions other than marriage where property received by an individual without consideration not chargeable to tax?

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