I didn't find any solution provided in the video if spouse can actually save tax by doing investments on spouse's name.
@RajeshYadav-qk3bf
Жыл бұрын
This video is more like a marriage counselling rather than providing solution to save taxes. Not at all useful.
@sanjeevpro
2 ай бұрын
Good solution is to spend all money 🤑💰 and enjoy rather than saving it.
@SajayanKS
4 ай бұрын
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?
@rohitkapil3605
3 ай бұрын
Read law ... She is your partner.
@manishkumar-no2gj
3 ай бұрын
Aap apni wife ko monthly ek regular fund transfer kr sakte ho Ghar ka karcha chalane k liye... Iss fund ki saving se wife Jo chahe kare ye uss ki income hogi.. iss case clubbing of income nahi hogi😊
@manojshah-
Ай бұрын
@@manishkumar-no2gj Yes correct. It's called a pin money.
@KapilSharma-ky5oi
3 ай бұрын
Middle class family members par hi strict rules hai😢
@venkatp9263
2 ай бұрын
If original investor pay tax ...for spouse return then income tax will ask sposce also to pay tax right. How to avoid double taxation
@naveenkumarkota4168
2 ай бұрын
I thought of doing CA. But dropping off the idea by looking at her knowledge. Investing through wife account is good idea to save tax. If both are working then you can opt for HUF pan card. Which will act as third person in your family.
@vineeshp6
2 ай бұрын
Exactly 💯
@prakashth
2 ай бұрын
Nonsense, if the spouse is getting rental income she can invest tooo
@poornadivine786
10 ай бұрын
Doesn't make sense. Tax is never on clubbed income, I have been paying tax over 15 years and whatever you are saying has never happened. Provide references or proofs to support your statements.
@wealthcafefinancial
10 ай бұрын
Thank you for sharing your perspective, and it's great that you've had a positive experience with your taxes. However, any future scrutiny can make things challenging. In the context of Indian tax laws, it's worth noting that provisions for the clubbing of income do exist. According to Section 64 of the Income Tax Act in India, there are specific scenarios where income can be clubbed together, especially in cases involving family members that can be taxed. This is done to prevent the diversion of income for tax avoidance. I hope this was helpful.
@abhilok123
2 ай бұрын
Tym apni wife k account pr hi invest lrre ho fd pr mutual fund koi dikkat hui ??
@avinashmaurya8381
3 ай бұрын
Will saving interest be clubbed or not?
@dominicomonica
8 ай бұрын
Hi Madam- just wanted to ask if some money from nre account is send to wife account who is housewife and she does trading and get profit too is that taxable and how can I understand this situation.
@wealthcafefinancial
8 ай бұрын
Hi, if your wife is involved in trading, the profits earned are typically subject to taxation in India. However, due to clubbing of income, it would be taxable under your name as the amount was transferred from your account.
@ganeshvlogs2104
4 ай бұрын
Can we save taxes if we do investment in stocks in family member like father or mother portfolio?
@jagan_94
2 ай бұрын
Bullshit, i can transfer any amount of money to my family member as a gift and if he/she is doing investment in her name then its his/her own income. Government can do nothing.
@wealthcafefinancial
2 ай бұрын
There are no restrictions in gifting money to your spouse. But as per income tax, whatever he/she earns from the money that has been gifted by the spouse, the earnings will be clubbed with the income of the spouse who has given the gift.
@sagarjena898
Ай бұрын
If somebody gives loan to spouse, gain from that investment will not be taxable @@wealthcafefinancial
@rajkamalsharma5167
2 ай бұрын
It's not solution by looking at government taxation increasing every budget for middle class. There are other ways also.
@pranjoldutta7813
5 ай бұрын
Ma'am can a person transfer money from his savings account to his wife's PPF account.
@Tinkujia2749
Жыл бұрын
If husband pay pax as working in psu and then transferring money to his wife for fd then interest earn will go to wife or husband name?‽
@ashishtalyan
8 ай бұрын
Wife....there should be no joint account
@Sandeesh_Srikantam
3 ай бұрын
The video missed the main point that one can “gift” money to his/her spouse, and mention it in IT returns. Then it can be treated as the spouse’s own money from their on.
@wealthcafefinancial
2 ай бұрын
There are no restrictions in gifting money to your spouse. But as per income tax, whatever he/she earns from the money that has been gifted by the spouse, the earnings will be clubbed with the income of the spouse who has given the gift.
@shankars1855
6 ай бұрын
this is such a wasteful video. No proper suggestions shared. The whole content can be reduced to 10secs instead of repeating the same stuff over and over for 8 mins.
@inspectorIntro
2 ай бұрын
Does IT have couple details😂... Cant the money transferred to the housewife be taken as her salary paid by the husband for all the chores she does for the home. Useless rules by IT dept
@wealthcafefinancial
2 ай бұрын
Unfortunately, the Income Tax rule do not allow the payment of salary to spouse.
@inspectorIntro
2 ай бұрын
@@wealthcafefinancial IT rule says housewife’s work is not a real work n deserve no salary. Noted.
@mk67890
2 ай бұрын
kuch bhi. Is this a financial video or a marital counselling video?
@Arun_008
9 ай бұрын
Wasted 8.17 minutes of time 😢
@HemantPandey123
3 ай бұрын
Thanks. Mine saved by your comment.
@girirajh8381
2 ай бұрын
How does this work for NRI.. if i send money to my wife and she invest some money in mutual fund in her name.. who needs to pay the capital gain tax
@wealthcafefinancial
2 ай бұрын
If she invests with the money gifted by you, the Capital Gains will be clubbed with your Income Tax Return.
@tukaramgalande6592
3 ай бұрын
Clubbing money is properly understood But what about past clubbing
@santanughosh615
Жыл бұрын
What about the giving money as gift to wife after creating gift deed? Then, wife will invest the money and earn interest in wife name ? Let me in case of gift deed also, husband has to pay or not
@wealthcafefinancial
Жыл бұрын
Your income will still be clubbed, and you'll be taxed on the interest earned in your wife's name.
@ajsdbhdhshbdb
Жыл бұрын
@wealthcafefinancial but what if husband send money to wife as a loan(with agreement n stuff) instead of as a gift.....then the wife invests and will the intrest then be clubbed? please reply
@wealthcafefinancial
Жыл бұрын
If a husband lends money to his wife, it is considered a loan, not a gift. However, the wife will have to pay a nominal rate of interest to the husband as per SBI rates, which will then reflect in his tax liability. This is beneficial if the wife has low or nil income and invests in an instrument with a higher rate of return. It is advisable to have proper documentary proof for the loan and the repayments. Please research well or consult a financial advisor before making any decisions.
@bhanu4569
5 ай бұрын
@@wealthcafefinancialif husband over all income is below 5lak...then he gifted money to his wife then it is also clubbed to husband income? Ur applicable scenario is only for 30percent tax husband only or what Plz reply
@Richa915
Жыл бұрын
If my husband transfer money to my (wife) account. Than Interest recieved on saving account is also clubbed with my husband itr or not?
@wealthcafefinancial
Жыл бұрын
Yes, however, interest generated on a savings bank account is tax-free up to INR 10,000, under section 80TTA of the Income Tax Act.
@jaswanth_kumar_k
10 ай бұрын
@@wealthcafefinanciallimit increased to 40000 right??
@devam6189
4 ай бұрын
that's for FD @@jaswanth_kumar_k
@shamimahamed6850
3 ай бұрын
No
@akash123000789
2 ай бұрын
@@jaswanth_kumar_k 40000 is for fd . maybe
@VJDirectorscut
2 ай бұрын
What about STCG and LTCG. Interest i understand
@wealthcafefinancial
2 ай бұрын
Whatever income one earns from the money that has been gifted by the spouse, the earnings will be clubbed with the income of the spouse who has given the gift. The earnings can be in the form of interest income or Capital Gains income.
@mohananarulappan6234
2 ай бұрын
Pls get advice from tax expert and make vodio. If we gift or transfer money as gift to spouse or kids and they make investments, then it is spouse or kids responsibility to pay the taxes in their own and it wont affect us.
@wealthcafefinancial
2 ай бұрын
There are no restrictions in gifting money to your spouse. But as per income tax, whatever he/she earns from the money that has been gifted by the spouse, the earnings will be clubbed with the income of the spouse who has given the gift.
@rajendrasahu5242
3 ай бұрын
Example - I earn 30lacs and paid tax in 30% slab. After paying tax , remaining amount transferring to wife account then it will be taxable or not
@rajasekharkraleti
2 ай бұрын
No need you can send money to your spouse she is talking bull shit
@abhilok123
2 ай бұрын
@@rajasekharkraletiare yur sure bro ??
@abhilok123
2 ай бұрын
Clubbing ka scene hai clubbi g ho jata hai
@wealthcafefinancial
2 ай бұрын
There are no restrictions in gifting money to your spouse. But as per income tax, whatever he/she earns from the money that has been gifted by the spouse, the earnings will be clubbed with the income of the spouse who has given the gift.
@manishkumar-no2gj
3 ай бұрын
Aap apni wife ko monthly ek regular fund transfer kr sakte ho Ghar ka karcha chalane k liye... Iss fund ki saving se wife Jo chahe kare ye uss ki income hogi.. iss case clubbing of income nahi hogi😊
@TradeWithRavi123
2 ай бұрын
Yes , that is PIN money
@MrSinghtejpal
Жыл бұрын
What if husband is NRI and wife is in India
@wealthcafefinancial
Жыл бұрын
Clubbing of income can still occur. What matters is the nature of income, regardless of their residency status. It's important to understand and comply with the provisions to avoid income clubbing.
@kamalbardia8203
3 ай бұрын
Very nicely explained by you Tax simplified Thank you
@jagannathpal369
Жыл бұрын
In a such similar case, the interest income is reflecting in the spouse AIS, now what to do by the original earner, one of my retired friend transferred considerable fund in wife's name to save tax🤫🤫
@wealthcafefinancial
Жыл бұрын
Your friend should still consider the interest income under his tax liability and disclose it while filing his income tax return. Proper disclosure is essential to comply with tax laws and avoid any legal issues related to income underreporting.
@chaitspraks1382
4 ай бұрын
@@wealthcafefinancialUnder which section i need to disclose while filing my itr if we earn Short term and Long term capital gains in wife’s account?
@ganeshvlogs2104
3 ай бұрын
@@chaitspraks1382 I think gain below 2.5 L for non earning members would not any issue.. ITR can be filed in this case. This is my opinion and understanding. Any one can add more info..
@sunilpagarwal
2 ай бұрын
Madam you concentrate on the technical points. Pls dont judje that this happens and that happens. Just do your part.
@vipulsrivastava9176
4 ай бұрын
really useless, apologies for the harsh comment, but this was the worst video i have watched on this topic till now. I assumed you being a CA would actually give a sound financial advice rather it was just a relationship lecture. Please review content/title before posting. Horrible
@abhilok123
2 ай бұрын
Aisa nhi hota kya??
@tourismagency
9 ай бұрын
❤
@yogeshm314
Жыл бұрын
What if that is given as a Loan
@wealthcafefinancial
Жыл бұрын
Yes, you can give it as loan but make sure to repay it eventually.
@SHALEENDAVE
Жыл бұрын
@@wealthcafefinancialBut what if the wife is unable to repay it? And definitely loan can be waived off by the lender
@krishnakantsharma1985
Жыл бұрын
@@wealthcafefinancial eventually means what? for how long can she keep the loan? and can she still earn from the loan and get tax rebate?
@IamAdityaDNA
2 ай бұрын
Neta log crores kama raha hai inpe koi bat nahi hoti ....but jo middle class wale hain unko nichod ke paisa liya jata hai...
@k7lu4
2 ай бұрын
Rakesh jhunjhunwala wife must know this
@shkaarif
2 ай бұрын
Mai apni wife ko gift de sakta huun.. Ab uski marji jahaan chahe wahaan use kare.. Jala de ya investment kare..us pe profit mera kaise hoga yeh paisa uske future ke liye hai....
@wealthcafefinancial
2 ай бұрын
There are no restrictions in gifting money to your spouse. But as per income tax, whatever he/she earns from the money that has been gifted by the spouse, the earnings will be clubbed with the income of the spouse who has given the gift.
@reg4026
6 ай бұрын
Kuch bhi 😀
@dev.86
15 күн бұрын
bla bla bla ... not at all helpful
@abhilok123
2 ай бұрын
Hindi m.bol leti 😢😢angrez bnri
@kgrusa123
22 күн бұрын
Pin money
@gopalb.320
5 ай бұрын
Your videos are amazing ... but views and subscriber are less...because of english language....please make videos in Hindi..
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