https://www.taxtmi.com/circulars?id=10396 Prompt dower payable on demand is an actionable debt and transfers in its satisfaction are for adequate consideration, not gifts; unregistered transfers of immovable property remain ineffective. Deferred dower does not constitute a present debt during marriage and cannot be converted into a prompt obligation; transfers during subsistence of marriage in satisfaction of deferred dower are treated as gifts, subject to income clubbing and wealth tax aggregation and may attract gift tax, and tax officers should take action and review past cases accordingly. en-us Thu, 18 Dec 1975 00:00:00 +0530 Fri, 17 Jun 2011 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10396 Prompt dower payable on demand is an actionable debt and transfers in its satisfaction are for adequate consideration, not gifts; unregistered transfers of immovable property remain ineffective. Deferred dower does not constitute a present debt during marriage and cannot be converted into a prompt obligation; transfers during subsistence of marriage in satisfaction of deferred dower are treated as gifts, subject to income clubbing and wealth tax aggregation and may attract gift tax, and tax officers should take action and review past cases accordingly. Circulars Income Tax Thu, 18 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10396