Gift from husband to wife or a from son to mother
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2012
Hallo,
I want to just clarify what is the possision under Gift Tax rule that if a Husband give a gift to wife Or a Gift from Son to his mother.Pl also mentioned what is tax free limit and if it's taxable what will be tax treatment ???
I want to just clarify what is the possision under Gift Tax rule that if a Husband give a gift to wife Or a Gift from Son to his mother.Pl also mentioned what is tax free limit and if it's taxable what will be tax treatment ???
CA Ayush Agarwal
(Expert)
06 September 2012
Its Totally Tax Free Gift Transfer.
But Clubbing Rules apllies in Case of Husband to Wife.
Not Applies in Case of Son to Mother.
But Clubbing Rules apllies in Case of Husband to Wife.
Not Applies in Case of Son to Mother.
Message likes :
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SANYAM ARORA
(Expert)
06 September 2012
Yes it will be exempt from Income Tax.
Dhirajlal Rambhia
(Expert)
07 October 2021
To avoid clubbing provision, better take gift from Son, There is no cap over the gift amount, but make a gift deed.
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