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of <h1>Gift-Tax Act: 'Spouse' Includes All in Multiple Marriages; Rs. 50k Exemption Limit Cumulative Across Marriages.</h1> Instruction No. 683/CBDT dated April 16, 1974, addresses the interpretation of Section 5(1)(viii) of the Gift-tax Act under the Wealth Tax Act, 1957. It clarifies that the term 'spouse' includes all spouses in cases of multiple marriages, applying to both polygamy and polyandry. The instruction also confirms that the Rs. 50,000 exemption limit for gifts to a spouse applies cumulatively across different marriages. Thus, if a person gifts Rs. 50,000 to a spouse in one year and remarries, any subsequent gifts to a new spouse are not exempt if they exceed the cumulative limit. Officers are instructed to note this interpretation.
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