clubbing provisions
This query is : Resolved
21 September 2008
Please let me know, whether gift received from wife in cash attracts clubbing provisions.
Please let me know, whether gift received from wife in cash attracts clubbing provisions.
22 September 2008
Not the cash received as gift, but income that arises to the husband from the cash received by him.
24 September 2008
No. The gift is exempt from tax.
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