Sister gift to Wife – Will there be Gift Tax ?

POSTED BY Malik Khan ON November 21, 2013 8:13 am COMMENTS (2)

Hello!

If my sister gifts my wife an amount via cheque,will this gift come under exemption ?

2 replies on this article “Sister gift to Wife – Will there be Gift Tax ?”

  1. Malik Khan says:

    Thank You.

  2. ashalanshu says:

    Dear Malik, there ‘ll be no tax on your wife for the gifted amount. Post gift, any taxable income generated from the gifted amount ‘ll be your wife’s income and she needs to pay tax on the income.

    thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

Check your Email and Click on the Confirmation Link

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

Check your Email and Click on the Confirmation Link