{"id":23659,"date":"2024-02-02T16:41:35","date_gmt":"2024-02-02T11:11:35","guid":{"rendered":"https:\/\/www.clovia.com\/blog\/?p=23659"},"modified":"2024-02-02T16:43:49","modified_gmt":"2024-02-02T11:13:49","slug":"heres-how-to-use-invest-your-wedding-gifts","status":"publish","type":"post","link":"https:\/\/www.clovia.com\/blog\/heres-how-to-use-invest-your-wedding-gifts\/","title":{"rendered":"Here\u2019s How To Use & Invest Your Wedding Gifts"},"content":{"rendered":"

Do you know what you can earn through your wedding gifts?<\/span><\/p>\n

Don\u2019t tell me that nobody told you this. Wedding gifts are not just gifts that make you additional money if used properly.<\/span><\/p>\n

In India, couples receive a plethora of gifts at their wedding. The gifts could be cash, gold, diamonds, a piece of land, a vehicle, appliances and almost anything. Almost every couple receives some kind of gift. more doesn\u2019t matter. But only a few of them know about using their wedding gifts properly. In this blog, I will tell you how you can use your gifts and generate money from them too. Also, some unknown facts that nobody told you earlier.<\/span><\/p>\n

So, without further ado let\u2019s get started.<\/span><\/p>\n

#Fact 1: Wedding Gifts Are Tax Exempted<\/span><\/h2>\n

Yes, all your wedding gifts are tax exempted, so don\u2019t need to hide them from the government. Rather you can invest them to make additional money out of them.\u00a0<\/span><\/p>\n

As per Section 56 of the Income Tax Act, gifts presented to newlywed couples by their immediate family members (parents, siblings, or siblings’ spouses) during their wedding celebration are not subject to taxation in India. These gifts can include cash, houses, properties, gold, jewellery, stocks, and more, all of which enjoy exemption from taxation.\u00a0<\/span><\/p>\n

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Know The Tax Rules on Wedding Gifts As Per Section 56<\/strong><\/h3>\n

Let\u2019s understand the Section 56 thoroughly in simple terms:<\/span><\/b><\/p>\n