Husband gifts to wife

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538 Points Posted on 16 December 2023
Dear Sir, Husband gifts Rs 10 lac to his wife, wife will pay tax on this amount, pls.
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On 16 December 2023 at 23:59 Report
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This discussion clarifies whether a husband gifting Rs 10 lakh to his wife incurs tax liability. The consensus is that such gifts are exempt from income tax. A follow-up question arises regarding the need for legal documentation or stamping for the gift.

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"Do the Right Thing...!!!"
128162 Points Posted on 17 December 2023
No... This gift exempt as per income tax.
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On 17 December 2023 at 06:26
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Profession
28271 Points Posted on 17 December 2023
Not taxable
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On 17 December 2023 at 10:43
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538 Points Posted on 21 December 2023
Thanks 👍 Mr. Raja PM
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On 21 December 2023 at 17:59
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24 Points Posted on 22 December 2023
But does the husband here need to show it as drawings and get it stamped on a legal paper or something?
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On 22 December 2023 at 16:58

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