1. What is the complete procedure for gift of self earned immovable property to wife
2. What is the procedure for gifing RS 20 lac to wife
Thanks
Menu
Gift to wife
Replies (1)
Hi,
You can make Gifts to your wife without attracting any tax liability. GIfts of Immovable property or money to Spouse is exempted u/s 56(2)(vii) of the Act.
Just a Gift Deed mentioning the details of the Gift will Suffice.
P.S.: As a matter of tax planning, One should avoid making gift to wives as CLUBBING provisions will get attracted.
Regards,
Prateek Agarwal
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
