Tax liability on gift to wife.

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  1. Kdgoyal

    Kdgoyal New Member

    I gave RS 5 lakhs to my wife as gift and she invested in bank FDR.What are our tax liabilities for both of us ?
  2. sai tejesh(

    sai tejesh( Active Member

    Dear Sir,
    I have already explained the tax implications of your query.
    Then why, again you are posting like this.If you are not convinced with my explanation,then you can post reply in earlier same query only right??
    I mean it is a wastage of time to tax professionals by seeing the same post again & again.
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