Gift

This query is : Resolved

sanjay (Querist)
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23 October 2016 Hello All
I want to know whether a husband can give gift to his wife . If yes how much?
If wife is a housewife and if wife is earning.
My client has deposited amount of cash around 18lac in her wife account
My question is this what income i should show of her wife?
Pl advise. Urgent

Amol S Joglekar

Amol S Joglekar (Expert)
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24 October 2016 Husband can gift ANY amount to his wife.
The source of CASH may be questioned... You need to be ready with the explanation of source of such a big amount of CASH

sanjay

sanjay (Querist)
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24 October 2016 Sir
Which income should I show so that the we can avoid notice.
Regards

Amol S Joglekar

Amol S Joglekar (Expert)
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24 October 2016 where the money has come from? You can show that source.....is it not?

sanjay

sanjay (Querist)
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24 October 2016 It is a money recd from husband but he cannot prove it. Now what to do?

Amol S Joglekar

Amol S Joglekar (Expert)
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24 October 2016 oh...you lost a very wonderful opportunity of IDS. This scheme got ended on 30/09/2016.....Now you can wait for the next one.....

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