Transfer from spouse
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2015
If a sum of INR 1,00,000 transferred to spouse`s loan account, would it be taxable in the hands of transfree. If no then what are the alternate tax implications.
16 September 2015
It shall not be taxable. There is no tax implication.... off course if return is scrutinized, one may be required to explain transaction or transferor may be asked to explain his source of Income.
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