Hello
I know that money sent to spouse is exempt from income tax. is this limited to only spouse or does it extend to live-in relationships or girlfriend as well?
Thanks
Sri
Srinivas (Others) (24 Points)
09 January 2015Hello
I know that money sent to spouse is exempt from income tax. is this limited to only spouse or does it extend to live-in relationships or girlfriend as well?
Thanks
Sri
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 09 January 2015
Girlfriend is not covered by the definition of relative defined under section 56(2), hence any amount in excess of rs 50,000 in a fy shall be taxed.
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