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Money gifted to spouse: Can income earned from it be taxed in your hands? Tax expert explains
The brief
- Money gifted to a spouse may be exempt, but income earned from it can be clubbed with the donor’s income
- GST Council to simplify processes, cut penalties
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- Lower borrowing plan signals tax buoyancy, offers relief for bond yields
- FM says proposed UPI MDR is not a tax and will not burden consumers
- India’s revised bilateral investment treaty framework keeps taxation outside its scope