No cash, only gifts in kind
5 months, 1 week ago

No cash, only gifts in kind

The Hindu  

In the days of yore, a wedding gift was simple. That done, a one-rupee coin was added: ₹101 was the standard wedding gift since time immemorial. At the next wedding, this time in the donor’s family, the exact amount was tendered as his gift. This mutual give-and-take, accurate to the penny, ensured you stayed rooted to the dictum: “Neither a borrower nor a lender be!” In modern times, a cash gift is considered inelegant. He shakes his head in absolute bewilderment, “This is the first time, I gifted a towel as a wedding gift!” We have the quote, “Don’t look at a gift-horse in the mouth!” In the American wedding, there is no scope for this adage at all.

Wedding Gift Indian  gift  cash  couple  item  guest  ganesha  indian  list  towel  gifts  note  kind  wedding

History of this topic

Weddings without the price tag
6 days, 18 hours ago

Weddings without the price tag

China Daily  

Shamim Zakaria at a family friend's wedding in Guwahati, Assam, India, on Nov 17. Growing up in India, I often saw our domestic help or less affluent relatives approach my family for financial aid to fund their children's weddings. Under this philosophy, societal expectations often compel families to spend beyond their means, fearing judgment or social stigma for not "measuring …

Here’s how gifts from kin and others are taxed
2 years, 10 months ago

Here’s how gifts from kin and others are taxed

Live Mint  

Due to its diverse culture, customs, and religion, India is a country of close-knit families with many reasons to rejoice. Immovable property for inadequate consideration Any immovable property for a consideration that is less than the stamp duty value of the property by an amount exceeding Rs. 50,000, the difference between the stamp duty value of such property and the …

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