Don't tax men for gifting assets to wives: Maneka to Centre
Union minister Maneka Gandhi has urged Interim Finance Minister Piyush Goyal to amend the law to ensure that income generated from an asset gifted to a wife is not added to the husband's taxable income. Adding that the provision was formulated after assuming that women don't have taxable income, Maneka said it deters husbands from transferring assets to their wives.