Gift received from Joint Acct
This query is : Resolved
Quick Summary
14 November 2022
Hello Sir,
Kindly inform that I(First holder) and my wife(second holder) hold joint savings acct. If I give gift from this joint account to my real sister then any tax implications on my sister as it is joint account with my wife. Can I execute gift deed and state that this gift exclusively made from my fund. Please guide. Thanks in advance.
Kindly inform that I(First holder) and my wife(second holder) hold joint savings acct. If I give gift from this joint account to my real sister then any tax implications on my sister as it is joint account with my wife. Can I execute gift deed and state that this gift exclusively made from my fund. Please guide. Thanks in advance.
14 November 2022
No tax implications. Gift deed not required.
Letter in plain paper is enough.
Letter in plain paper is enough.
15 November 2022
Sir thanks for reply, if it is from joint account then also no problem to my sister. ?
15 November 2022
No problem in case of joint account.
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