Hi, I am homemaker have sold the property in dec 2016 and transferred half of the funds to my husband account. I wanted to check if that becomes a taxable income for my husband or it will be treated as a gift? Please advise.
Thanks, Shukla
Hi, I am homemaker have sold the property in dec 2016 and transferred half of the funds to my husband account. I wanted to check if that becomes a taxable income for my husband or it will be treated as a gift? Please advise.
Thanks, Shukla