Easy Office
LCI Learning

Taxability of Gift

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
28 May 2010 If an individual makes a gift in cash or by cheque to his spouse and that money is utilized by the spouse for purchase of an asset . Whether the income earned by the spouse from that asset will be clubbed in the income of the individual.
Profile Image

Rahul Gupta

Profile Image

Rahul Gupta (Expert)
28 May 2010 Yes. It will be clubbed in the hands of the individual.
Profile Image

CMA. CS. Sanjay Gupta

Profile Image

CMA. CS. Sanjay Gupta (Expert)
28 May 2010 AGREED
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

CA. BIJENDER KR. BANSAL

Profile Image

CA. BIJENDER KR. BANSAL (Expert)
28 May 2010 AGREED . INCOME WILL BE CLUBBED IN YOUR HAND.
Profile Image

CA. Gurdeep Singh Chawla

Profile Image

CA. Gurdeep Singh Chawla (Expert)
28 May 2010 INCOME WILL BE CLUBBED

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links