Hi,
I transfer 20k every month to my wife a/c (online) for her personal use.
Is this amount considered a "Income" for her and thus taxed !!
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Gift / Loan to Wife
Replies (7)
Dear Jignesh,
No Income Tax will be attract on this amount. write me any query related to taxation. my email id is sachinagarwalcallb @ gmail.com
no not considered as income...bt if she invests dis amount n gets sum interest or other income frm dis,den dat particular income will be included in ur income i.e it will be clubbed n taxed 2 u..
hmm...rit
agree with bhumika
| Originally posted by :Jignesh | ||
| " | Hi, I transfer 20k every month to my wife a/c (online) for her personal use. Is this amount considered a "Income" for her and thus taxed !! |
" |
Hi Friends
In case i loan the same amount to wife & recieve a regular nominal (4-5%) interest from her on the loan amount, will the income she make from investing this money be still taxable at my hands?
| Originally posted by :Nitin | ||
| " | Originally posted by :Jignesh " Hi, I transfer 20k every month to my wife a/c (online) for her personal use. Is this amount considered a "Income" for her and thus taxed !! " Hi Friends In case i loan the same amount to wife & recieve a regular nominal (4-5%) interest from her on the loan amount, will the income she make from investing this money be still taxable at my hands? |
" |
No, it won't be..
| Originally posted by :Sunali | ||
| " | Originally posted by :Nitin " Originally posted by :Jignesh " Hi, I transfer 20k every month to my wife a/c (online) for her personal use. Is this amount considered a "Income" for her and thus taxed !! " Hi Friends In case i loan the same amount to wife & recieve a regular nominal (4-5%) interest from her on the loan amount, will the income she make from investing this money be still taxable at my hands? " No, it won't be.. |
" |
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