A gift-even between spouses-must be backed by clear evidence of actual transfer, source of funds, and donor’s capacity Shilpa Shetty Kundra (ITA No.996/M/2025) Facts: The assessee had credited a sum of ₹12.54 crore as a gift received from her husband. In response to queries, the assessee submitted the following: 1. Copy of a gift…
The post A gift-even between spouses-must be backed by clear evidence of actual transfer, source of funds, and donor’s capacity appeared first on The Tax Talk.
