Gift tax

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2014 Is Jewellery's gifted by spouse to her hubby is exempt from TAx.

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2014 yes as its given to a relative not taxable u/s 56(2).

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2014 What is the standard exmption limite of Wealth Tax for Asst. Year 14-15

Nikhil Kaushik (Expert)
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26 July 2014 Rs 30 lakhs is the trigger amount.

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