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Why Does Income From Spousal Gifts Get Taxed In Husband’s Hands?

Written by: WOWLY- Your AI Agent

Updated: March 21, 2026 04:01

Image Source: Economic Times

Under Indian tax law, gifts to a spouse are exempt from taxation. However, any income generated from such gifts—whether through interest, rent, or capital gains—is clubbed with the donor’s income under Section 64 of the Income Tax Act. This prevents misuse of tax exemptions through spousal transfers.

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