Payment on behalf of wife

Maninder Singh (17 Points)

19 April 2024  
1)Can i make the payment on behalf of my wife for buying a car.

2)Kindly share the section.

3)Also, please share the consequences, if i am taking loan on my name and making the payment.

4)we are self employed coverd u/s 44AD and car will be used for business and personal use.

Thank you in advance