HI All !!
Do I have to pay tax on the amount transferred via FD in my spouse name in her account, who is a houswife, through Gift deed ? If No this gift deed can be on stamp paper or notarised ?
Thanks and looking forward for an early response .
ANKUR (PROPRIETER) 25 July 2014
HI All !!
Do I have to pay tax on the amount transferred via FD in my spouse name in her account, who is a houswife, through Gift deed ? If No this gift deed can be on stamp paper or notarised ?
Thanks and looking forward for an early response .
Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 29 July 2014
Gifts that are not taxable at all are those that are received from relatives. Relatives are defined by the following relationships of the individual:
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