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Jasbir

Jasbir Pundir (22 Points)

03 August 2021  
can I take some amount as gift from my Wife and it's tax-free, for me if amount comes from insurance company as surrender

 2 Replies

CMA Poornima Madhava (CMA) (12987 Points)
Replied 03 August 2021

Yes, gift from wife is not taxable in the hands of husband

Nidhi (Chief Accountant) (2060 Points)
Replied 04 August 2021

Yes, you can..
Gift from wife to husband and husband to wife is tax free..

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