Tax consultation
This query is : Resolved
Satish Mehra
(Querist)
15 June 2023
My client has around 2.5-3 cr in Bank account. And want to invest (FD).
Please guide me, how can I make him plan his taxes. He has wife and childern(1-18+,2 below 18).
Is there any way I can transfer money to her wife (as loan) and invest in her name
Please guide me, how can I make him plan his taxes. He has wife and childern(1-18+,2 below 18).
Is there any way I can transfer money to her wife (as loan) and invest in her name
Dhirajlal Rambhia
(Expert)
15 June 2023
Small tips...
Invest in different options like Debt MF, Sovereign gold bonds, RBI bonds etc.
Investment in Wife's name should be in tax free schemes like tax free bonds etc.
Investments in minor's account should be in growth schemes with maturity at the time of attaining the majority, etc. etc...
Invest in different options like Debt MF, Sovereign gold bonds, RBI bonds etc.
Investment in Wife's name should be in tax free schemes like tax free bonds etc.
Investments in minor's account should be in growth schemes with maturity at the time of attaining the majority, etc. etc...
Message likes :
2 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Oct 2025 Invoices
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
