Taxation of gifts

Share
Share This Thread
  1. Dear Sir/Madam,
    An assesse had made monetary gift of Rs. 3.00 Lac to his wife. Please tell whether gift given to wife is allowed as per IT Act and the gift received by the wife has been invested in bank's fixed deposit in her name and please tell whether the interest received will be taxable in the hands of the assesse or in the hands of his wife.

    Please reply. Its urgent.

    Thanks,
    Abhishek.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Taxation of gifts Income Tax Feb 25, 2016
Presumptive Taxation Under Section 44 ADA Income Tax Oct 16, 2017
Treatment of a management consultant registered as a sole proprietor for taxation under Presumptive Income Tax Sep 7, 2017
Presumptive Taxation - 44ADA Income Tax Jul 11, 2017
Taxation on inheritance Of A FD Income Tax May 21, 2017