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clubbing provisions

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(Querist)
21 September 2008
Please let me know, whether gift received from wife in cash attracts clubbing provisions.
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
22 September 2008 Not the cash received as gift, but income that arises to the husband from the cash received by him.
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Ravikumar.G

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Ravikumar.G (Expert)
24 September 2008 No. The gift is exempt from tax.
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