New Delhi, Sept. 27 -- Gifting money to a spouse may appear to be a simple and straightforward way of transferring wealth within a family. Still, under tax rules, the gift itself may not attract tax in the recipient's hands; even so, the income generated from the funds may have tax implications for the individual who originally gifted it.

This write-up is dedicated towards discussing this aspect in detail, along with the tax-related implications and legal provisions in this case.

Having clarity on this aspect is important because tax rules contain 'clubbing provisions' that can apply when assets or funds are transferred to certain family members, including a spouse. Hence, simply transferring money to a spouse does not necessarily indic...