gift amount how much pay to wife in a year

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gift amount how much pay to wife in a year

Hello Sir, i want to know how much amount gift to wife in a one year, i want to buy land in account of wife , but money is with me (in my ac) , please advice.

Profile photo of Dhyan Chand Asked By: Dhyan Chand 1 replies 1 helpful answers Last Updated: 9 months, 2 weeks ago
  • Profile photo of Dhyan ChandDhyan Chand
    Participant

    Hello Sir, i want to know how much amount gift to wife in a one year, i want to buy land in account of wife , but money is with me (in my ac) , please advice.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    There is no restriction on gifting any amount to wife in a year. But if she invest this amount anywhere and earns any income (interest, dividend, capital gain, etc) from such investment it will get clubbed in your hands.

    But if you give some reasonable amount to your wife for family household expenses and she save something out of it (pin money), the such savings will not be subject clubbing provisions and it will be considered as her own income.

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