Home > Money > Question
Need Expert Advice?Our Gurus Can Help

Wedding Expenses: Tax Exemption and Accounting Treatment for ₹15 Lakh Payment

Yogendra

Yogendra Arora  |31 Answers  |Ask -

Tax Expert - Answered on Feb 13, 2025

Yogendra Arora is the founder of Y Arora Associates And Chartered Accountants, a tax consultancy firm based out of Kanpur.
He has over 11 years of experience in auditing and consultancy.
Before starting his own consultancy, Yogendra, a commerce graduate from CSJM University, Kanpur, worked with ICICI Bank and Indusind Bank as credit manager between 2013 and 2018.... more
Asked by Anonymous - Feb 13, 2025Hindi
Listen
Money

sir, it assessess Wedding expenses rs: 15 lacs paid assessess daughter’s marriage purposes f.y.24-25 Query: How much amount tax exemption of wedding expenses it purposes and Wedding expenses debited to assesess capital account for accounting records purposes.

Ans: Hi,
The expenses made for daughter wedding is personal nature expense which is exempt in nature from tax.
only accounting entry in capital account will be passed to give the effect of expense & same will reduce your capital contribution of assessee in the business.
Happy to help.
Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Latest Questions
Ravi

Ravi Mittal  |572 Answers  |Ask -

Dating, Relationships Expert - Answered on Apr 15, 2025

Mayank

Mayank Chandel  |2200 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 15, 2025

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x