Tfr of money from wife"s account
This query is : Resolved
05 January 2014
I have transferred rs. 100000/ from my wifes account . what will be tax complications and any body kind enough to advise how this money to be shown for incometax purpose. I am a senior citizen.
CA PARAS BAFNA
(Expert)
05 January 2014
Complication will arise in the family in case the amount has been transferred by you without her consent. This can be shown as loan- if you think honestly to repay her back. There is no tax incidence.
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Message likes :
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05 January 2014
thanks Mr.Paras - pl send me your address and or phone no. for my tax consultaion - I stan in andheri - Mumbai - rameshchandra maheshwari -
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