Transfer of money from before marriage account
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 February 2011
My wife had some savings of around 2 lacs in a savings account in her name before marriage.
Now we are married for about 7 years. Her last name is changed after mariage. She wants to open a new account with her new name and wants to trasnfer the money from the old account to new account ?
What are implication of doing this transfer from income tax perspective ?
Now we are married for about 7 years. Her last name is changed after mariage. She wants to open a new account with her new name and wants to trasnfer the money from the old account to new account ?
What are implication of doing this transfer from income tax perspective ?
22 February 2011
No Implication, its just a normal self bank to bank transfer .
22 February 2011
agree..
no implication, its her own money transferring from one account to another.
no implication, its her own money transferring from one account to another.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2011
Will there be any issue if she has her name as second holder in the new account ?
I already have an account where I am the first holder and she is the second holder. Can I simply transfer the amount in this account, or I should open a new account where her name is as first holder ?
I already have an account where I am the first holder and she is the second holder. Can I simply transfer the amount in this account, or I should open a new account where her name is as first holder ?
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