Gift tax
This query is : Resolved
Quick Summary
28 May 2020
how much money can husband transfer to wife as gift by way cheque
CA R SEETHARAMAN
(Expert)
28 May 2020
No limit to the extent of proven sources.
K Srinivas, CMA CS
(Expert)
28 May 2020
Gift between relatives is tax exempt, provided the transfer is in the nature of gift.
29 May 2020
But it has to be remembered that income, if any, from that amount would be clubbed in hands of husband.
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