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Q.

Subash Lakhotia says on CNBC that gift to wife is taxable as wlfe is not covered under the definition of relative. However in your site R.N. Lakhotia says that gift to wife in tax exempt. Please clearify.

Tags: money, relationships, wife
Asked by GANESH PRASAD, 06 Nov '12 02:46 pm
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Answers (1)

1.

Even wife is taxable,,u just need to revote for congress,,,,
Answered by INDER VIG, 06 Nov '12 02:53 pm

 
  
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