Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

Paying back to spouse for expenses borne by her (like marriage expenses etc)


Pradeep (SW Engg)     31 January 2019

Pradeep
SW Engg 
 34 points

| My Other Post

My wife had some savings thru agricultural income which was used during our marriage.
I am planning to pay back that money to her and she plans to keep that in FD.
Wrt interest earned from the FD, will clubbing provisions apply ?

I was reading about clubbing provision. It says it is applicable if -
You transfer an asset to a person or an association of persons, directly or indirectly, without adequate consideration

When I checked for the definition of "Adequate Consideration", this is what I found -
Adequate consideration refers to a price which is equal in value for an act or a thing for which it is given.

avater

Dhirajlal Rambhia (KVO Merau Kutchh)     31 January 2019

Dhirajlal Rambhia
KVO Merau Kutchh 
 9130 likes  92709 points

View Profile | My Other Post

How to justify the expenditure during marriage of a couple must be paid by husband to wife?

avater

Aashish Bansal (Article)     31 January 2019

Aashish Bansal
Article 
 51 likes  696 points

View Profile | My Other Post

you have to show contract that dates before marriage... but I don't think the same would be considered enforceable under contract Act
so clubbing would apply


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »