Gift Tax Chargeability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 May 2011
Please suggest whether Gift tax is applicable for transfer of open land to wife from husband out of love and affection
21 May 2011
if the land is owned by husband, then no gift tax for giving to wife, but any earning from land would be clubbed to husband's income.
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