Gift
This query is : Resolved
16 March 2017
Hi,
1.My Question is Indivdual is A/c Transfer Rs. 15 Lakh to her spouse as a gift. what is Tax liabilties in both??
Son Gifted Money through A/c Transfer. what is tax libitiles in both??
1.My Question is Indivdual is A/c Transfer Rs. 15 Lakh to her spouse as a gift. what is Tax liabilties in both??
Son Gifted Money through A/c Transfer. what is tax libitiles in both??
16 March 2017
Both transfers are exempted from tax. Income on such gift from spouse will be clubbed in the hands of the spouse who made the gift.
Message likes :
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16 March 2017
Thanks For Giving reply.
Sir one more question Gift deed is mandantory
for Receipient
Sir one more question Gift deed is mandantory
for Receipient
16 March 2017
For such bank transfer not mandatory.
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