Monthly Cash Gift to Wife

Mr.Sanjay

Please refer to section 64(1)(iii) of Income-tax Act, 1961 and know your-self the consequences of the monthly gifts proposed to be made to your spouse.

Best Wishes

Sathikonda

Mr.Sanjay

Please refer to clause (iv) of sub-section (1) of section 64 not clause (iii).  Sorry for the inconvenience.

Best Wishes

Sathikonda

if ur income is more than ur wife income then it will be taxed under ur income

and if ur selling that equities after one year of holding then there is no tax