Cash gift to wife sec 64 applicable
This query is : Resolved
19 December 2020
I.t .Assess cash gift to wife Rs:1,90,000/- payment through on cash mode.
Question:
Above gift transaction taxable or exempted and sec 64 applicable in I.t. act
Question:
Above gift transaction taxable or exempted and sec 64 applicable in I.t. act
19 December 2020
It's exempt from tax but income earned out this gift section 64 applicable.
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