Q&A #Tax Law Do I need to pay tax on gifts received from relatives in Kolkata?
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Do I need to pay tax on gifts received from relatives in Kolkata?

Hi, I’m confused and a little scared. I received gifts worth around ₹75,000 from my relatives in Kolkata for my wedding. I’ve heard mixed things about tax on gifts. Some say I have to pay tax on them, while others say I don’t. I don’t want to end up in trouble later. Can you clarify this for me?

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