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Gift

(Querist) 16 July 2019 This query is : Resolved 
Can amount given to spouse as gift be recovered by income tax department against tax liability or any other reason
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R.K Nanda (Expert) 16 July 2019
Contact tax lawyer for it.
kavksatyanarayana (Expert) 16 July 2019
JI, consult local CA/local tax lawyer. to me, Gift to spouse is exempted from tax.
Dr J C Vashista (Expert) 17 July 2019
It would be better to consult and engage a local prudent chartered accountant for appreciation of facts/ documents, guidance and proceeding.

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