banner_ad

Tax saving

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 August 2012 If a person has income from salary and bonus of around 20 lacs and he wants to invest it, what are the options available to him. He is in the tax rate of 30%, hence wants to use HUF or gift to mother or form a co. Please explain the three options and other possible methods.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
18 August 2012 For salary, HRA, 80C, 80D etc. are available for tax planning. HUF can be thought of for income on income. So first income shall be gifted and then income earned on such invested income will go for taxation. While saving on income tax, please check you are not involving into HINDU LAW matter. The co parcener may demand partition any time is the first RISK.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details