gift to

madan dhirajlal kansara (proprietor) (107 Points)

01 August 2018

my salary is 14lakh can i gift to my spouce 2lakh as gift ....can i gate any exemption.

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4 Replies

VENU R Prabhu (311 Points)
Replied 01 August 2018

no exemption. u can gift. if that gift is FD etc interest of that amount is your income also in future years

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 01 August 2018

No... No more exemption for the gift paid by You...

It's exempted In the hands of Spouse..

VENU R Prabhu (311 Points)
Replied 01 August 2018

Don't gift as cash. only through electronic means u gift. no exemption to u

madan dhirajlal kansara (proprietor) (107 Points)
Replied 01 August 2018

NO MY QUESTION WAS THAT TAXABLITY IN MY HANDS

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