Advance given to wife for buying a property ; tax treatment?
- 2 Answers
- 3258 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / md
according to section 64 of income tax act. any advances
given to to you wife is not regarded as advances it wil be
taxed in your hand.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / muruasm
hi, i gave some amount to my wife for a property purchase
and the property was registered her name. the amount which i
gave for the property was my own income (salary). what is
the tax treatment for this amount, can i show it as a loan
given to wife. also how it will be treated in my wife's ITR?
and also my ITR?
| Is This Answer Correct ? | 2 Yes | 3 No |
What is the rate of TDS for commission?
Hi May i know i 2 avoid Income Tax.I am getting 1,20,000PA and a house rent of 5000PM,and profit from Agriculture Income of 80,000.Is agriculture Income taken into consideration.If so how 2 calculate further & how much will b the Income TaxI will b getting.
I have made our pan card in delhi.so, i want to confirm that it is mandatory that I shall fill our income tax return in delhi
WHAT IS EXECUTION OF WORKS CONTRACT ?
Provision for Service tax, Income tax and Sales tax
what is the Finalization?
What do you mean by Commercial Tax?
what is pf & esic calculation on ctc how much perstange apply from both the side ,employee as well employer we have to deduct the employee and employer % from ctc or employer has to pay the % of employer sepreterlyfrom his own or form employee ctc?
while making payment for our Forein supplier against import. wheather we have to deduct TDS while remitting payment towards his bills.
what is city commodity tax
hi, When we post vendor down payment by the t-code f-48 the TDS line items are not flowing when i am simulating it.there may be some error in configuration.please help me.
what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.
Audit 
