If a person gives gift by way of Cash/ Cheque to his wife , the same will not be taxable in the hand of his wife.
But if the said gift received by the wife, is invested in her business, will the income from business of wife will be clubbed in the hands of husband????
Thanks!
CA Laxmi Mittal
lnmittal @ dataone.in
Income derived from it will be clubbed in the income of Husband.
yes
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