Taxation for gift received

This query is : Resolved

Abhishek Roy Choudhury (Querist)
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12 July 2015 Dear Sir,
If gift received by wife from her husband is taxable under I.T. Act or not.

Please reply at the earliest.

Thanks in Advance,
Abhishek Roy Choudhury.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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12 July 2015 Dear Abhishek it will not be taxable.

Check of details on taxability of Gift from Compliance Handbook from link given below: https://www.caclubindia.com/forum/details.asp?mod_id=329427

This handbook will also help you in other tax related matters and compliances.

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