gift tax
This query is : Resolved
23 November 2009
one person has gifted cash to his wife and that cash was invested by her. Now, is income from that investment taxable in the hand of husband or wife.Please mention the procedure to gift cash to spouse.
chetan soni
(Expert)
23 November 2009
Income from such investment will be clubbed in the hands of husband.
Praveen Sharma
(Expert)
23 November 2009
agree wth experts
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