A Delhi Man's case shows why gifts from relatives must be documented


Thefynprint

Uploaded on Mar 5, 2026

Category Business

In what might seem like a routine celebration, Varun Manchanda’s 10th marriage anniversary turned into a costly lesson in tax compliance. What was meant to be a joyous occasion, filled with family and well-wishers, ended up drawing the attention of the Income Tax authorities. The reason? A series of sizable cash gifts given by relatives, which Varun later deposited into his bank account, amounting to ₹10,43,998.

Category Business

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