I want to transfer it to my wife’s personal account as a fixed deposit. Will she need to pay income tax for that amount or the monthly interest for that amount? – Lawyers Law

Indian Bare Acts The Medical Termination of Pregnancy (MTP) Amendment Act 2021
Indian Bare Acts The Assisted Reproductive Technology (Regulation) Act, 2021
Indian Bare Acts The Surrogacy (Regulation) Act, 2021
Indian Bare Acts The Narcotic Drugs and Psychotropic Substances (Amendment) Act, 2021
Indian Bare Acts The Constitution (Scheduled Tribes) Order (Amendment) Act, 2020
Indian Bare Acts The National Commission for Allied and Health care Professions Act 2021
Indian Bare Acts The National Bank For Financing Infrastructure and Development Act 2021.
Indian Bare Acts The Direct Tax Vivad Se Vishwas Act 2020.

I want to transfer money to my wife’s account. But who will pay the tax for the amount and interest accrued on fixed deposits?

April 1, 2015April 1, 2015 Administrator

Q. I have 15 lakhs white money in my saving bank account. I want to transfer it to my wife’s […]

Read more