Gift of Money to Wife & Liabilty Under I T Law

I had received a big amount from my NRI husband. 1) I have a PAN card but don’t fill return .Is there any need...

Who Will Be taxed For Interest On Fixed Deposit In Wife’s Name Made By...

Mr.ABC gifted R.3.00 lacs to his wife. His wife invested the amount in a FDR for 15 months @ 10% on 01.04.06. The interest...

When A Wife Can Not Be Taxed For Her Earning?

I am a resident Indian, housewife, not employed. For FY 2007-08, I received an amount more than Rs.1,45,000 from my husband, who is an...

Is Painting Gifted By Father~in~ Law Taxable On Its Sale ?

Sir, my father in law is a renowned painter and he gifted me some painting at the time of my marriage around 9 years...

Can Husband Claim Deduction Of Interest On Loan Used For Buying House In Name...

We have bought a house in my name.I am a house wife with no income.The loan is taken in my name.My husband pays the...

Transfer of Property Without Adequate Consideration To father Does Not Come Under Clubbing Provison.

I bought a house on loan in May 2006 and wish to let out this house on rent next month. Myself and my father...

Is Gift by HUF to Its Member Tax Free?

Can a HUF give gift of over 25,000 by cheque to one of its coparceners without attracting any gift tax liability? Will the income...

How to Give Gift to An NRI Without Any Problem!

My son is an NRI and working in the US. Can I give him a gift of Rs. 5 lakhs from my retirement benefits...

Exemption Can Not Be Claimed if House is Purchased in Relatives Names!

Mr XYZ sold a house which was in solely in his name. To save capital gain tax, Mr XYZ deposited money in the capital...

What will be the tax implication in case father in Law transfers shares to...

Some one asked on moneycontrol ... replied by me The capital gains or loss shall be taken for computation of income of father in law and not the daughter -in -law .The clubing provision u/s 64 of the I T Actwill come into...