Gift
This query is : Resolved
13 October 2013
Can wife give a gift of rupees to her husband?
13 October 2013
Yes , it will not be taxed as allowed as exemption via explanation to sec 56(2) as they fall in definition of relatives.
13 October 2013
Agree with Expert,
An important person who is covered under the entire provisions of gifts is the spouse of the individual. So if it is a husband then it would include his wife and for a female it would include the husband.
Taking this term further the brother and sister of the spouse of the individual would also be covered under the definition of a relative. Add to this the fact that the spouse of such people has also been brought into the coverage and this ensures that the coverage gets wider.
An important person who is covered under the entire provisions of gifts is the spouse of the individual. So if it is a husband then it would include his wife and for a female it would include the husband.
Taking this term further the brother and sister of the spouse of the individual would also be covered under the definition of a relative. Add to this the fact that the spouse of such people has also been brought into the coverage and this ensures that the coverage gets wider.
13 October 2013
yes she can...no restriction.
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