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zero tax
by Kalpathiraman Narayanan on Jul 26, 2008 07:06 PM

Does it mean that I gift part of my money to say my wife(a homemaker ),& that becomes her income & pays tax as per (say) interest earned from that money every year? How much can I gift to my wife every year? Is there a limit

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Family income of Rs 13.10 lac & zero tax