stridhan
Querist :
Anonymous
(Querist) 10 September 2010
This query is : Resolved
sir,
can anybody tell me whether the stridhan (including jewellery,cash, gifts etc attract any tax in india?
if yes then which item attracts which tax and what amount/rate?
B.B.R.Goud.
(Expert) 10 September 2010
yes. even though it is a stridhan, u need to pay tax. but only with certain consessions and relaxations. you can find a an auditor for the latest ceilings/relaxations/consessions etc, in your area.
M/s. Y-not legal services
(Expert) 10 September 2010
srithan mean its given to the bride by her parents.. not to that groom.. if its to that groom mean its called as dowry.. if he paid tax mean its equal to admitting his offence know? am very confused with this query.. please experts if my thought is wrong mean sorry for it.
s.subramanian
(Expert) 10 September 2010
I fully support the view of MR.Goud.
B.R. BHALLA, ADVOCATE
(Expert) 13 September 2010
I think "Stridhan" is being misinterpreted by my friends. All the gifts received by a married women from here parents as also the parents in law become part of her Stridhan. This is continuous process and she continues to accumulates the Stridhan until alive. Further Stridhan by itself is not taxable. It her capital sort of. If invested for gains, deposited in the bank or invested in any mode, the income arising therefrom would certainly be taxable.
B.R. BHALLA, ADVOCATE
(Expert) 13 September 2010
Last sentences may please be read as " It is her capital sort of. If invested for gains, deposited in the bank or invested in any other mode, the income arising therefrom would certainly be taxable, if exceeds the taxable quantum prescribed under the IT Act.:
s.subramanian
(Expert) 14 September 2010
Yes. Mr.Bhalla is right.
M/s. Y-not legal services
(Expert) 15 September 2010
So.. Whats the conclusion by mr.subramanian.. Is it taxable or not? Because he supporting both side..
M/s. Y-not legal services
(Expert) 15 September 2010
please give me some more illustration or any citations in favour as taxable.
