New Delhi, June 12 -- Cash, gold, jewellery and other gifts are a common part of Indian weddings which are usually given by family members and friends. While these gifts are usually exchanged as a gesture of goodwill, some newlyweds may wonder whether they need to pay tax on the gifts they receive during their marriage.

The income tax act provides a special exemption for gifts received on the occasion of a wedding. However, the exemption is subject to certain conditions, making it important for taxpayers to understand what qualifies as a tax-free wedding gift and when tax rules will apply.

Any form of gifts received by a taxpayer are considered as income and must be disclosed under the head 'Income from Other Sources'. They are subject ...