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Tax Saving through Gift
by viral ved on Aug 01, 2008 10:22 AM   Permalink

Bhai,
If I am getting higher income and to evade the tax, I want to give a gift to my Wife or parents, dont I need to show the source of income for the amount of gift i am giving ????
If I give gift to my wife, thet amount will be tax free for my wife but when she declares the source, who will be questened?? ofcource the gift giver...

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Family income of Rs 13.10 lac & zero tax