25 September 2015
can husband gift to wife in cash 15 or 20 lacs ,,,,,husband already manpower supply busniess and wife started new manpower supply business ....this transcation can taxable under clubbing income under income tax....what is income tax provision ...its taxable to husband thanks sir..in this quaery anther problem is husband stop there business and then wife start it with new business new name ...beause of that officee say wife invest husband cash in business and wife getting income may be which inculding husband income under clubbing sect it is prosible
26 September 2015
Gift to Spouse - Any Amount - NO Tax Implication.
Clubbing not applicable in case of Gift. It may be applicable in case any Income accrues out of the Gifted amount in future years (Like Interest Income; Rent if gifted amount is used to buy Property etc)
26 September 2015
thanks sir..in this quaery anther problem is husband stop there business and then wife start it with new business new name ...beause of that officee say wife invest husband cash in business and wife getting income may be which inculding husband income under clubbing sect it is prosible
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