Maneka Gandhi pushes for women's empowerment; 1960s provision invalid now

2018-07-11 0

Minister for Women and Child Development, Maneka Gandhi has urged acting Finance Minister Piyush Goyal to make amendments to the income tax act so that gifts to wives or daughters-in-law are not taxed. The section 64 deals with clubbing of incomes and provides that if a husband gifts an asset to his wife and the asset results in some income to the wife, the income will be added to the taxable income of the husband.