wife transfer money to husband
is there any kind of tax liability on any of them???
please clear
thank You
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TRANSFER MONEY WITHIN FAMILY
Replies (2)
Quick Summary
If an individual transfers any income without transfer of assets then such income is taxable in the hands of TRANSFER .
On transfer of money there's no tax liability however income generated out of the transferred amount is taxed in the hands of transferor Under clubbing provisions
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