Overview on Dowry vs. Marriage Gift vs. Stridhan treatment
All about the tax treatment on Dowry vs. Marriage Gift vs. Stridhan Dowry Prohibition Act, 1961 makes giving, taking, or demanding dowry a criminal offence. Punishable with imprisonment up to 5 years and a fine. Dowry here means property or valuable security given or agreed to be given directly or indirectly in connection with marriage. …