In recent times, cricketer KL Rahul and actress Athiya Shetty’s wedding created a lot of buzzes. The wedding ceremony was a private affair where no phones were allowed, The wedding was attended by close friends like Krishna Shroff, Anshula Kapoor, Arjun Kapoor, and Diana Penty. As per reports, the couple received some expensive gifts that are worth crores.
Expensive gifts received by KL Rahul and Athiya Shetty
KL Rahul’s teammate Virat Kohli gifted a couple a BMW worth Rs 2.17 crore and former skipper MS Dhoni presented them with a Kawasaki Ninja bike of Rs. 80 lakhs.
Bride Athiya Shetty’s father and Bollywood superstar Suneil Shetty gifted them a 50 crore apartment. Salman Khan who launched Athiya Shetty in a 2015 film hero gifted an Audi car that costs about Rs. 1.64 crores. Jackie Shroff, SUneil Shetty’s friend and superstar presented Athiya with a Rs 30 lakh Chopard watch. Arjun Kapoor who worked with the bride in Mubarakan gifted her a diamond bracelet of Rs, 1.5 crores.
Reportedly, the couple started dating back in 2019 but never confirmed anything to the media. Soon, they went public with their relationship and shared each other’s pictures on social media.
It’s also reported that Athiya Shetty wore an Anamika Khanna lehenga that took approximately 10,000 hours to complete. KL Rahul’s attire was designed by the same designer as well.
Are the gifts taxable?
The gifts in India are taxable if the aggregate value exceeds Rs. 50,000 as ‘income from other sources however, they don’t apply to wed gifts. The gifts received by newlyweds in India are exempted from taxation. The exemption doesn’t expand to occasions like birthdays, anniversaries, etc., except on a few occasions.
KL Rahul will get back to cricket with the Test series against Australia that starts on February 9.
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