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MATHEW (PROGRAMMER)     24 December 2012

Purchase of car

Sir,

I want to purchase a Car  for which can I take a portion of the money from my wife with out any

Tax implication ?  If so how much is the limit ?  Gift from wife is it permitted  for such a cause ?  If not so what is the solution as we can meet this expnese only with joint fund ?

Please reply.

Thanks

 

 

 

 

 



 2 Replies

R K JAIN (Advocate)     27 December 2012

There is no bar for gift from wife. I think for purchase of car you can have the money from wife.

1 Like

sitaramaiah (audit manager)     27 December 2012

AGREE WITH  MR. R K JAIN SIR

1 Like

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