Gift tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2015
can wife given gift by cheque or cash to husband & how much ? & it's tax free from i.t.
12 May 2015
Yes it is tax free, no limit but the income earned out of gifted amount by husband will be clubbed with the income of wife.
12 May 2015
since both are covered under definition of relatives not taxable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Cash deposited to salary account from gold loan account
- Capital Gain on Sale of Private company's shares
- REGARDING STATUTORY AUDIT of a private company
- LTCG on property sale with more than 1 property
- Itc on computer
- Assessment Procedure Us 147
- How to file ITR for AY 2024-25
- ENTRY OF CIVIL MATERIAL AT TIME OF RENOVATE THE FACTORY BUILDING
- Capital goods Cross charges
- ITC ON ACCIDENTAL INSURANCE
- REFUND ATTACHMENT FOR APPEAL AGAINST SECTION 74
- Who is obliged to pay
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
- Gstr 9 and itc
CAclubindia
