Comment on Taxation Simplified

Nithin Kamath commented on 01 Feb 2013, 03:20 PM

Hi Sivasri,

Money sent by Husband to wife is not taxable, it is not an income but a capital receipt. Don’t worry about taxes on the money you receive from your husband. While filing your taxes, you just have to show this money as a capital receipt from your husband.

While trading if you make profits in your trading account, then you have to pay taxes on the profit, but even if you make a loss make sure you declare it. The blog above explains on the same.

Cheers..

View the full comment thread »