Regarding income tax
This query is : Resolved
Kartik Charnalia
(Querist)
28 December 2012
Dear Sir,
My query is that my uncle is having only one source of income i.e. from salary, his salary for A.Y.-2012-13 was 460000(gross salary-hra)and now, he want to give loan to his friend for Rs. 1200000, so to save from income tax authorities, he should part his money from his bank account and his wife, i.e. Rs. 600000 from each account.
My query is that my uncle is having only one source of income i.e. from salary, his salary for A.Y.-2012-13 was 460000(gross salary-hra)and now, he want to give loan to his friend for Rs. 1200000, so to save from income tax authorities, he should part his money from his bank account and his wife, i.e. Rs. 600000 from each account.
CA PARAS BAFNA
(Expert)
28 December 2012
1. Whether money has been kept deposited in your uncle's account since long back ?
.
2.Does your Uncle's wife...Aunt..is also filing her IT Return ?
.
In case answer of both the questions are in negative, tell your uncle, not to do so.
.
.
2.Does your Uncle's wife...Aunt..is also filing her IT Return ?
.
In case answer of both the questions are in negative, tell your uncle, not to do so.
.
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