Can You Save Taxes By Transferring Money Into Your Wife's Account ?
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- เผยแพร่เมื่อ 14 ต.ค. 2024
- #savetaxes #taxation #gaurichadha #taxsavingtips #tax
Are you looking for ways to reduce your tax liability? Well your own spouse can help ease the burden of high taxes on you. There are ways in which your wife both if she is an earning and a non-earning member can help you ease that burden. Tune in to watch Sakshi Batra and Tax Expert Gauri Chadha discuss how feasible is it for both spouses to help reduce taxes by utilizing LTA, medical insurance provisions and more
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Agree to pay tax as per your rules... similarly one loses his job and has difficulty to earn...would the govt come to help him...Big NO....This type of taxation is the injustice to citizens...on one side pay tolls taxes every transaction on insurance sip everything is taxed....if the 2024 budget for income tax payers doesn't take care ofus...the. The govt will have difficult times ahead
Once u loose the job, govt expects you to SELL 1-kidney and live for few months and after few months also not get job, then sell another kidney or Die.
When you ask Nimmi about this for asking money if you dont have any Job - she will tell why are you living in this country
@@Hari-ur9veDo we need to Pay any Tax or GST after selling Kidney ? Because again we are earning
@@ylele2it's other income and falls under slab rate of salaried employee. For non salaried, anyways they are not paying any tax .
We pay tax and gov use this money for purchase mp and mla
14 minutes of garbage creating even more confusion lmao
Well said 👍
200% ..!
Who brings these idiots to the Panel.. God knows!!
Conclusion was the best 😅😅
Har har Modi Ghar Ghar modi bhool gaye? Hindu rashtra k liye itna bhi tyag nai de sakte deshdrohi log?? Aur lao jaahil gawar netaon ko dharm k naam par. Katora lekar na khada kar diya mandir k baahar to dekh lena!
Tomorrow nirmala will see this and jump onto say I increase taxes to promote more transfer of wealth to women. Gareeeb, kisaaaan, mahilaaan. Everyone is a winner except the guys who are working hard and paying taxes in the first place
My wife Taking care of my two kids, doing all jobs at home. taking care of old parents. She is sacrificing her life for us. Can I give some money as salary? So she can invest in stock market. She really deserve it.Right?
Who is stopping you to give salary? Or Appoint one maid for all these.
But you can not claim exemption for that amount, as per Income Tax Act.
Lucky dude 😂 90 percent of wives are the opposite.
@@shameersheik991Goverment is stopping. If the most given to wife as salary then she can i whatever she wants like investment or anything then why the profit would be clubbed to husband's income?? If employee invest would the profit clubbed with employer's income????
U can give Every rupee u earned to ur wife... But don't expect an exemption
Why an income where we already paid tax will again get taxed for capital gain? Isn't it Looting Common People ?
Bilkul sahi baat
capital is different from income thats why
Obviously
CG tax is only on the additional value you earn over the money you invested. Say you bought an asset at 10L and sell for 12L. The tax is on 2L. But don't know if it is sold at 9L, we can claim exemption on 1L loss.
@@ManikandanSurendranath yes, you can show loss under short or longterm capital gains & minus that in next 7 years time. But above commented person Diptar question is : why we are taxing again & again on already taxed white money ? Yes diptar its legalyy robing middleclass taxpayer in braod day light by FM
Transferring money or assets or property into the wife's account or name is the most foolish thing a husband can do. Marrying is the first foolish thing. Because marriage is equal to slavery of men. And then transferring money into wife's account or property into wife's name is foolish. Because today's wives and mahilaye are very different. They aren't traditional anymore. They treat men as atm machines
❤
Deposit in cash every month.. start filling return..
Showing income like tution, or other self employed
Then why is such information not talked about in such a podcast
@@rajatrajput5045I guess because it's a jugaad
@@rajatrajput5045purposefully 😂😂
Title given in thumbnail and title given in caption both are contradictory. Complete misleading information. School students will prepare better quality youtube videos. Never expected from a channel like BT.
Legally get divorced but not really and transfer the amount
Thoughtful and satirical
when both partners working then double tax exemption is applicable then why if one working is not applicable? Rules sometime sucks with no making sense and make the life difficult.
The problem with IT Dept. is concerned about Income to a person not about Expenses which are directly affected by inflation which is to be controlled by the govt. and the same is not discharged by it from time to time.
No need to transfer money in wife account can be very unpleasant and a disaster when disputes arise anytime in future
Transfer in parents account some money more convenient
One needs to understand that income tax is payable on the income received. Whoever received income is liable to pay tax on that income. Next stage is to know what is the source of that income? Whoever provided the source or investment, he is responsible/ liable to pay tax on income earned from that source. If a flat is bought in wife's name with funds provided by husband, husband is liable to pay tax on income earned from the flat.
1. what if wife keeps the rental income?
2. what if there is some dispute and wife sells the flat and keeps the money. will husband still pay capital gains tax?
You can not save tax but can evade it.Butvit is off the record can not be disclosed on tv show.
ICICI bank has amongst the highest exchange rates! Any FC transferred through ICICI will end up with the least FC which one finally gets the credit for
How income tax dept will know who is my wife? what if someone have 4 wives and they have not created any marriage certificates? Kuch bhi!
When income tax department questions you, you should be able to prove that it’s your legal wife to whom you transferred the money.
Answer : Marriage Certificate
My spouse's age is 55, she eared early age and made savings in FDs those FDs are matured and credited to her bank account, those days she is exempt limit, now all sourses are captured by IT. Now she is not employed but income generating from her old savings such case she need not bothered am right? Her FDs interest in recent years are reflecting her ITR.
1:01 video starts here
Show a min amount of income of ur wife from any source.. Then ur transferred amount can be adjusted.. And money earned through investing can be kept under min threshold value to save for the taxes
Foolish to transfer money or assets in wife's name in this century. Mahilaye are no longer traditional. They are very smart and aggressive
Mam, really wonderful interaction. Thanks a asakshi mamand Gauri mam. Really helpful
Bas thak gaya hun sochte sochte ke tax kaise bachaun
Kyun ki govt toh wisely paise kharche nahin karti
Same road 10 saal mein 3 bar repair hota he
Ofcourse only bussinessmen will pay wife childrend even pets and claim exemption. Such legal tax evasion is not for salaried middle class.
Always remember, smoking during mediation is not permissible.
But no one can stop you from mediation while smoking.
Learn to ask questions.
Govt in next budget put restrictions by updating rules on this as it is now made known to all.
Wife is doing a service to Husband's family for which she is getting remuneration. Can't that be seen as such. Government may impose service tax on such services.
She explained well. 90 percent fine.
Nice info, specially related to Pin money.
money given by father to his children (20+yr non earning), and grandparents(60+yr non earning) of the family will be tax free or not?? it will also be clubbed or not??
it will not be taxed to your children or parents but you'll have to pay tax on that income
Ok basically the principal you are transfering to your children would have been already taxed to you. Any income or interest they are earning from this transferred money will be their income, and it will NOT be taxed to you. Gift to blood relation to any amount is tax free and income will not be clubbed if the children are more than 18 years.
Ms. Tax Expert has created more confusion than the Govt's tax policy. I am confused who is more confused, me or she or the government?
If FM listens it will be difficult😊
This was possible for previous generation maybe. But with infidelity, divorce, and with alimony issues these are no longer possible
Very true. Femini st media misleading men and manipulating us. They want men who are still traditional and haven't moved into this century to transfer money and assets into their wives name. In future, these wives can do whatever they want
Govt is taxing the free dhanya that the Vegetable wala gave for buying atleast 5 kg vegetables.
Start taxing on family income and make lower base = 10 lac. All confusions gone.
🎉
Total Bakwas.
It seems the so called Expert did not know the basics.
Only FD interest income the principle is from husband to be conbsidered as part of Husband's income. If the capital Gain of Mutual fund need not be considered in husband's income.
Not actually. Even mutual fund gain will be clubbed. Clubbing will not apply only if the spouse will earn anything from the interest or the gain. So the FD interest or mutual fund gain will be clubbed to husband income but if wife earns something from this interest, it will be her own income.
What if husband pays wife a ‘salary’ for all the ‘services’ rendered by her? What will be tax considerings?
This is too much intervention by gov on how hudband and wife want to use their money or transfer to each other .
Very useful information regarding taxation
Worst tax rules
Lol. No prenup exists in India. Remember that. Mother or daughters account much better
What about polticians, when he declare money or asset while submitting his election candidature he has not more than his wife assets as well as cash money, is it valid ?? They are clubbing both income while submitting his or her ITR?
Supposing wife is non earning member and received amount from son in USA into her individual account or joint account is interest earned is taxable to husband or she can file tax returns and claim no tax if it is within limit.
Tax will be clubbed to highest earning member of the family in general situation. But here earning happened in USA so tax would have been deducted by USA gov. Keeping that aside, if the son is not minor, any gift to mother is not taxable to mother.
Simply best English from both 😂
If wife file for divorce what will happen
All money gone , we will end in begging road. Recent days wife are not reliable than husvands . All our bad days born in this sin country
please tell only how to do tax evasions, as a middle class taxpayer iam fed up with this govt.
Tax saving is correct word not tax evasion
No she can not, because I am unmarried.
Those who have have more than one wife don't file IT Returns. The live off freebies.
I don't understand despite saving so much people are broke and unhappy. WHY WHY WHY
Moral of the story don't marry only live in
What if husband contributes to the ppf account of wife of 1,50,000 rs which is completely tax free.... Can he do it without paying tax on maturity interest
But if the wife is working in Husband's office/business and getting salary from Husband then what ?
In that case it will be tax free to wife
Wife has to pay tax as per slabs.
More in depth clause for that. If wife got the job based on her skill and qualifications then salary is her own income. But if she was doing the job there and no good justification of qualifications required for that job in husband's company, then that salary will be clubbed and taxable to the husband.
Incase you loose your Job to AI or Machine learning , Govt STILL Eats out on Savings interest and Expects you to SELL 1-Kidney so family can live for Few months and after Few months also not get job, then sell another Kidney so you can Die.
My question it wife's primary holder but me nominy, how to save tax without cubbling.
Skip. Nothing solid
If I give money to my daughter and that amount is invested in FD. Whether the income from that FD will be clubbed with my income?
`Rs 600000 and 400000 deposited in SB of my wife at a time After 5days Rs 400000 withdrawn and 600000 deposited as FD Will it be an affecence Let me know the solvation
Who will save you from ur wife???
Wife k account me paisa dalo . Wife divorce deke nikal jaegi or adhi property bhi jaegi 😂😂
koi tarika hai isse bachne ka
@@garrysingh3337 parents
I am residing in flat for which owner is my wife. Can I claim HRA? Please give clarity?
She is not earning.
Yes you can
Whether she got the flat by gift or you have purchased it in her name. Clarification required.
Suppose my wife has taken a flat on rent and further gave me as tenants ( she earns ), then can I claim HRA on what I m paying every month as rent to my wife (online proofs I have).
@@dr.neerajkumarshukla2030 yes 100% you can claim HRA and she also has to Declare rental income in her Return.
@@dr.neerajkumarshukla2030 further if you have any kind of doubt regarding Returns I would like to help you being a CA Final student and working in the Tax domain in a CA firm (Ahmedabad).
Reach out my mail id in profile.👍
Ok... got it. ❤
What if I pay salary to my spouse against their work doing at home. Can I save tax on it
Will the transferred cash in gift count as income of spouse as recipient ?
We pay tax and gov buy mp and mla from this money for that reasion many people leave country
what if I invest in name of non earning parents ?
How would income tax know that she is my wife?
If gift given to minor children also comes under clubbing provision.
Does the expenses of daugher marriage come under capital expenditure
So i wasted 15 mins to conclude that i cant save ant tax in my wifes name....u could have just mentioned the answer in ur video title instead having a question.
bad idea new scam in the town perfect recepie to go bankrupt in case of divorce
What is mean of term consideration here?
Same question
Consideration means husband took real and considerable amount of money from wife while transfering the property to wife.
what kind of expert she is, creating more confusion to viewers
I think no tax expert will every suggest how to save tax on TV. She is so disappointing for every thing she is saying YOU CANT
So that means I and my brother can have 50k more exemption by giving it as a gift to eachother? WTF?
One of the most absurd tax law
Good information
And how you will save money from wife ?
Totally clickbair video... CA says NO and video caption is totally opposite.. Reporting to youtube now....
More wives, more savings?
Typical peaceful mentality.
What an discouraging conversation. She is trying to be too good books of finance minister. 😂
Why talent of wife is being wasted and discounted, let her utilized her talent and she may earn in cash inclusiveness.
I better chose to pay tax...
Can husband add name 2nd person with his wife account
Questions were good, but answers were not in the favour of tax payer
Wifes earning by homemaking ..its not a small job...
Its a thankless job..which is why girld run out of the house..noone wants to be a educated naukar.
Can a son gift house to his mother and who will pay the tax on rental income
Good question
Very informative video. If person has Joint property and wife is not working and husband is paying full loan....can husband pay rent to wife can claim HRA?
No cannot claim
Can a wife earn from husband's agriculture land
Honestly I didn’t understand even a bit what she is trying to explain.. waste of time..
What about sons account
.
Moholle ka aunties discussed something without any valid point as usual
She is acting like spokes person of FM and suggesting as to what is ideal!
She has been invited to tell as to how tax burden can be reduced, instead she is only preaching where to pay tax.
useless !! waste of time
Go for HUF
😮😮😮
She will save tax and spend cash😂
Hadda is telling half truth. If a spouse have a property out of which he/she earn that get exemption separately
Well what can I say 😂😂
I would rather pay the extra tax .
waste of time video...no solution given...stop giving click bait titles to your videos just to gain views...😠😈
Can the tax be saved if your wife earns more than you 😂😂
Please tell, if a man transfer money to his wife or other members then saving interest will be clubbed or not.
No it will not clubbed
Haan, haan...loot lo middle class ko, koi kuch nai bacha sakta apne mehnat ki kamayi par. Apnni wife jo din bhar kaam karti hai wo kuch nai le sakti freeely from husband, use sirf khane pehanne ko milega husband se, koi free cash nai???Saare kanon bana do savings zero kar de, aur kare to bhi uspar tax! Kuch karo to tax, saans bhi lo to tax lelo ab!!!!! tax system here is like sucking blood out of a man from his both hands, legs, neck veins, an every part of his body!!!!
Shawshank redemption 😂
Dustbin of discussion...nothing useful guide or solution