Tax

This query is : Resolved 

16 March 2013 my spouse gifted me Rs 100000 through payees ac cheque this year.she is in govt service. my query is-

1 above amount is taxable or not?

other query is
the interest of tax saving fd is taxable or not ?

16 March 2013 First of all; you are "really" lucky that your wife has gifted you a good sum.
.
The amount is not taxable but the interest earned thereon; if any would be taxable in her hands whenever you receive.
.
Interest on tax saving FD is taxable.



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



Unanswered Queries