GIFT

Laxmi Mittal (Practice) (188 Points)

03 September 2009  

If a person gives gift by way of Cash/ Cheque to his wife , the same will not be taxable in the hand of his wife.

But if the said gift received by the wife, is invested in her business, will the income from business of wife will be clubbed in the hands of husband????

Thanks!

CA Laxmi Mittal

lnmittal @ dataone.in