If I give 50 lakh to my wife on line as gift . Is it taxable in her hand. This 50 lakh is given out of my savings
Mahesh Mohapatra (1 Points)
15 June 2025If I give 50 lakh to my wife on line as gift . Is it taxable in her hand. This 50 lakh is given out of my savings
SUSHANT BIDAYE
(687 Points)
Replied 15 June 2025
The gift given of Rs. 50 lakhs will not be taxable in her hands .
But any income that she earns from investment of Rs. 50 lakhs will be taxable in your hands under clubbing provisions of income tax act.