is there any limit of gifting cash to spouse. gift deed is necessary or not?
... please advise
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185376 Points)
Replied 05 September 2017
No limit as such if gifted through any banking channels......... Gift deed necessary........... BUT clubbing provision will be applicable........
sunil reddy
(CA articleship)
(44 Points)
Replied 05 September 2017
yes, no limit to give gift to relative whether through cash or bank, as said above clubbing provisions will apply
Anantharam
(Income Tax Practitioner)
(26 Points)
Replied 15 December 2017
BETTER, THROUGH CHEQUE ,CLUBBING SECTION THERE
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