Wealth/Gift
This query is : Resolved
21 March 2008
My wife has recieved ornaments as gift from my father , will the ornament be clubbed to my fathers wealth?
21 March 2008
it will be included in the net wealth of ur father u/s 4(1)(a)(v) of weaith tax act
24 March 2008
I have recieved this gift at the time of marriage , since gift at the time of marriage are exempt , will it still be clubbed to my fathers wealth
Sanjeev Kumar Sharma
(Expert)
03 April 2008
mr. sachin gift at the time of marriage are exempt in income tax act not welath tax act so it will be clubbed in the wealth of father.
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