Lets say, I have received about 25 lakhs from sale of shares, and I wish to invest these to ensure a regular income for my post-retirement days. I intend to be employed for another 5 years.
To avoid clubbing of income(s) from such investments from my salary income, I'd like to invest this amount in the names of my wife and son(a minor). Would such an investment appear as a Gift to the tax-man and if so, what would the tax-implications be?
2006-12-10
18:38:52
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6 answers
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asked by
vasug1973
1