Gft
Brajesh Kumar (Trader) (31 Points)
25 July 2016
Is gift received from wife to husband taxable, if no what is the limit?
Thanks in advance.
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 25 July 2016
There is no limit & tax and hus-wife relation comes under the relationship definition pertaining to IT. But as an advice, keep things documented.
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 25 July 2016
CAclubindia
