Treatment..
This query is : Resolved
Abhishek Kumar
(Querist)
28 June 2014
Can a Husband give Interest-Free Loan Rs 10 Lacs to his Wife..If yes, what will the tax treatment ??
Nikhil Kaushik
(Expert)
28 June 2014
there is no tax impact of such a transaction......
Nikhil Kaushik
(Expert)
28 June 2014
however I would suggest that you provide some nominal amount as interest...
Rupesh Jain
(Expert)
30 June 2014
husband give intt free loan to wife. but in that case if wife earn income then ito can clubbed that income in your income. so you can charge intt. as you earn in last year.
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