Transfer of money to wifes name

This query is : Resolved

Tarun (Querist)
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28 December 2011 Dear Sir,

During my sons wedding my wife gave me 3 Lacs from her earnings for the marriage expenditure.

Now I have retired from my services and now wish to return the money.

I wish to understand the process of doing the same.

Kindly advice on the above.

Thanks and Regards,
Tarun.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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29 December 2011 The process of payment should match with the process of receipt. In case you have received the amount by cheque you can repay the same by cheque.
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In case the amount has been received in cash and expended in cash only, then no need to repay the same. You assume that she has contributed the marriage expenditure.
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In any other case, transfer the amount through cheque only.

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