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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: wife, gift, tax exempt
Asked by GANESH PRASAD, 06 Nov '12 02:46 pm
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Answers (1)


R n lakhotia will never come to this forum to read and reply to your question ask him on moneycontrol com
Answered by iqbal seth, 06 Nov '12 02:47 pm

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Even wife is taxable,,u just need to revote for congress,,,,..more

Answered by INDER VIG