EASYOFFICE

Gift received from Joint Acct

This query is : Resolved 

14 November 2022 Hello Sir,
Kindly inform that I(First holder) and my wife(second holder) hold joint savings acct. If I give gift from this joint account to my real sister then any tax implications on my sister as it is joint account with my wife. Can I execute gift deed and state that this gift exclusively made from my fund. Please guide. Thanks in advance.

14 November 2022 No tax implications. Gift deed not required.
Letter in plain paper is enough.

15 November 2022 Sir thanks for reply, if it is from joint account then also no problem to my sister. ?


15 November 2022 No problem in case of joint account.

16 November 2022 Thanks Sir for your prompt reply.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries