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my salary is 14lakh can i gift to my spouce 2lakh as gift ....can i gate any exemption.
Replies (4)
no exemption. u can gift. if that gift is FD etc interest of that amount is your income also in future years
No... No more exemption for the gift paid by You...
It's exempted In the hands of Spouse..
It's exempted In the hands of Spouse..
Don't gift as cash. only through electronic means u gift. no exemption to u
NO MY QUESTION WAS THAT TAXABLITY IN MY HANDS
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