Gift taxation
This query is : Resolved
27 March 2014
If a tribal wife gives cash gift to her husband ( non tribal) then whether income generated from gift is taxable or not
28 March 2014
There is no criteria to judge gift based on caste of donor or donee. As per my opinion gift to relatives is totally exempt
25 April 2014
But gift given by one spouse to other is taxable in the hands of donor as per clubbing provision.
So just wanted to clarify as the donor here is a tribal wife who is exempt from income tax.
So can it be used as a tax planning tool?
So just wanted to clarify as the donor here is a tribal wife who is exempt from income tax.
So can it be used as a tax planning tool?
27 April 2014
As condition itself is getting satisfied that spouse comes in definition of relative so it is exempt from taxation. thus u need not to go in caste of wife etc. dont get confused.
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