Tax rules that you need to embrace along with those wedding presents
- It is necessary to keep a record of all gifts to ensure proper trail, declare high-value gifts while filing tax returns.
Diwali is over, as are the fireworks. But the joy of gifting continues. For, the wedding season is set to begin from 23 November, and will last till 15 December. According to the research arm of Confederation of All India Traders, there will be a record 3.5 million weddings taking place in India this year.