24 August 2016
can husband give cash gift of rs. 2 lakh to his wife for built her self occfied house , so income from house property will not genrate so question arise that clubing provision under 64 will aplied or not because wife have not earn any income from husband cash gift ?
24 August 2016
but sir as i know if any income genrate from gift than it will taxable in hand of husband under clubing provision section 64 but in this case income are not genrate from self occupied house that built from husband cash gift am i right sir or not ?
24 August 2016
rs. 20000 in single day or rs. 20000 in a year
can we give rs. 2 lakh as loan split in small amount less than rs, 20000 in diffrent days of a year ? like 18000(1st day)+ 15000(2nd day)+19000 (another day )+..........=200000 (total 2lakh)
First u tell about gift and now it's about loan. section 269SS deals with loan and not with gift. So as explained earlier gift is allowed.
Dear Ayush,
Gift and loan are two different things and two different sections covers it. In relation gift is allowed without limit subject to clubbing of income if any.
25 August 2016
between gift and loan....give it as gift..... (There could be other way of giving money as well......since your query is restricted to GIFT versus LOAN)
CAclubindia
