Gift

Gift the amount given in cash or, immovable property given ( land building, agricultural land) or shares, jewellery transferred.
Gift up to Rs 50,000 is exempt from the taxes, but if the amount exceeds Rs 50,000 then the whole gift is taxable.
Gift received from the Inheritance , blood relations and gifts received on marriages is considered as tax-free.

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I have transferred my house property to my spouse through a gift. We are living together and not separated. In whose hands will income from the house property be taxed?
In such a case, you shall be the owner of the house property and hence the income shall be taxed in your hands. (Section 27(i) of the I T Act)
Donations
Donation is the gift for charity, humanitarian aid or to benefit a cause. Donations can be claimed U/s 80G and 80GGA. To claim the deduction U/S 80 G and 80 GGA you will have to provide name of donee , PAN of donee, address and the amount contributed ...

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