banner_ad

Loan to spouse

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 July 2013 My question is - if I provide interest free loan to my wife by cheque (supported with a loan agreement on stamp), she put that money in fixed deposit and earn interest there on. Will that interest attracts section 64? Will it be clubbed? Will there would be any penalty for evasion of tax.? Also let me know supporting judgements of your answers? I had a argument on this topic with my CA. Your answers would be so appreciable.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
23 July 2013 For the preparation of a "debate" the following link will "suit" you the most-

.
https://www.caclubindia.com/experts/gift-tax-1367064.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details