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Question ID : 32762

Cash transaction between huband and wife

Whether wife can give cash gift to his husband or to his husband's firm ?

Posted by Mahesh Kumar on Aug 07, 2018

Filed Under DIRECT TAXES

Answer ID : 85035

Cash gift between Specified persons is not taxable under Income from Other Sources u/s.56

Posted by CA. MADHAVAN S on Jun 02, 2023