NOT TAXABLE....
As I understand, it will not be taxable in the hands of mother but taxable in the hands of wife, but if its gifted to u (instead of yr wife) it is not taxable.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
View Details
SMJ global advisors pvt ltd
New Delhi
B.Com
View Details
Karia Overseas
Ahmedabad
CA
View Details
Shyam Joshi & Associates
Pune
B.Com
View Details
CAclubindia
