CCI Online Learning
What do you want to learn today?

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Gift to spouse

I have a question for my study purpose.

What are the tax implications of gifting 50 lakhs to spouse? If the husband is retired with no pension, and only has a savings of 1 cr. If he gifts 50 lacs to his wife and they both open FD.

Income generated by wife from the amount gifted would be clubbed with income of husband and taxed accordingly

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Trending Tags
GST Live Class    |    x