Is the amount gifted by your spouse taxable?
As per the provisions of the Income-tax Act, any sum of money or value of property received from ‘relative’ is not considered as taxable both in the hands of the donor and the recipient.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
