Tax
This query is : Resolved
16 March 2013
my spouse gifted me Rs 100000 through payees ac cheque this year.she is in govt service. my query is-
1 above amount is taxable or not?
other query is
the interest of tax saving fd is taxable or not ?
1 above amount is taxable or not?
other query is
the interest of tax saving fd is taxable or not ?
16 March 2013
First of all; you are "really" lucky that your wife has gifted you a good sum.
.
The amount is not taxable but the interest earned thereon; if any would be taxable in her hands whenever you receive.
.
Interest on tax saving FD is taxable.
.
The amount is not taxable but the interest earned thereon; if any would be taxable in her hands whenever you receive.
.
Interest on tax saving FD is taxable.
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