Is the gift of shares to my wife taxable?
As per section 56 of the Income-tax Act, 1961, there will be no tax implications in your wife’s hand on account of her receiving the gift in the form of shares from you. However, since the shares are funded by you, if your wife subsequently proposes to sell the gifted shares, clubbing provisions will have to be applied.
Which is not taxable income of a housewife?
The income that you earn by investing this money will be clubbed with your husband’s taxable income. However, if you reinvest the earnings ( capital gains) from your investment and earn further income, then such income will be considered your income and be taxable. Please note that income of up to Rs 2.5 lakh is not taxable.”
Does a housewife need to file ITR for the money received from her husband?
Does a housewife need to file ITR for the money received from her husband? Does a housewife need to file ITR for the money received from her husband? “The income that you earn by investing this money will be clubbed with your husband’s taxable income. ” “Please note that income of up to Rs 2.5 lakh is not taxable.”
Is it legal to sell your wife in the 1700s?
The practice continued into the 1700s and 1800s and generated the belief that if a man and his wife agreed to separate, the parting was valid if he sold her at public auction. However, if the wife protested the sale, it was said to be questionable whether the sale was legal.
Who was the first person to sell his wife?
In 1766, a drunken Southwark carpenter sold his wife to a “brother-chip,” but once sober he regretted the sale, wanted her back, and when she refused, he hung himself in despair. There were also several mentions of wife selling in the late 1700s.
Is it legal for a man to sell his wife?
This idea that wife selling was legal, also encouraged some men to sell not only their wives but also their children. This was the case with a man who sold both at a Tuxford market for five shillings. Smithfield Market showing the selling a wife in 1812. Courtesy of Wikipedia.
When did Jane Austen sell her first wife?
Another wife, described as “middle-aged, fair faced, proportionable in length to her bulk, and every way agreeable,” [1] was sold on 6 April 1791 at a pig market. There was also another wife selling case in 1797, the same year that Eliza de Feuillide married Jane Austen ‘s brother Henry.