Can I give Loan to spouse for tax saving ?

POSTED BY anilpan ON January 25, 2015 4:10 pm ONE COMMENT

I want to loan Rs 10 lac to my wife (who is currently in zero tax slab) with tax saving purpose. My queries :-

  1.   How to make loan deed.
  2.   What is the reasonable interest rate to be charged or can it be interest free.
  3.   Do I have to include such interest received in my other source of income.
  4.   Will loan amount be considered as income to my wife.

One reply on this article “Can I give Loan to spouse for tax saving ?”

  1. murali says:

    please let me know which income tax form to be used for filing returns if the income source is only interest money collected by lending money as loans ?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today