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if yes then how much tax?

2006-11-17 20:56:12 · 5 answers · asked by Anonymous in Business & Finance Taxes India

5 answers

DEPOSITS ARE NOT TAXABLE.
BUT THE INTEREST EARNED IN YOUR NAME WILL BE TAXABLE.
BETTER SUGGESTION
LET YOUR HUBAND KEEP MONEY IN HIS NAME IN NRE ACCOUNT ...
COZ NRE WILL BE TAX FREE

2006-11-17 21:49:56 · answer #1 · answered by Anonymous · 0 0

If he puts fixed deposits in your name, interests shall be taxable in your account according to the normal tax rate which is
upto 135000 NIL
135000 to 150000 10%
150000 to 250000 20%
above Rs 250000 30 %

2006-11-18 07:05:00 · answer #2 · answered by q4tax 3 · 0 0

NRI INCOME IS TAX FREE, BUT WHEN HE WANT TO PUT FIX DEPOSITE WITH YOUR NAME. (1) FIRST THIS DEPOSITE AMOUNT YOU ACCEPT AS A GIFT & THEN AFTER YOU DEPOSITE THIS AMOUNT. (2) DEPOSITE INTEREST WILL BE TAXABLE. (3) (FOR LADIES) IF YOUR INCOME OR INTEREST AMT. LESS THEN 1.35 LACS. & YOU SAVE OR INVEST AMOUNT UPTO 1 LACS AS PER SECTION 80C. THEN YOUR INCOME UPTO 2.35 LACS WILL BE FREE. YOUR TAXABLE LIABILITIES FROM 2.35 LACS.

2006-11-18 06:18:07 · answer #3 · answered by jimmy_rakeshpatel 1 · 0 0

CHIDAMBARAM IN THE
NEXT BUDGET IS GOING
TO LEVY HIGH TAXES ON
FDS'. IN CASE YOU ARE
AN OBC, YOU MAY NOT
HAVE TO PAY TAXES AT ALL.

FOR VOTING PURPOSES ONLY.
SONIA GANDHI CANNOT SAY NO
TO HIM, AS MRS. CHIDAMBARAM
SENDS DOSAS TO HER HOUSE
ON ALL SUNDAYS.

2006-11-18 05:54:09 · answer #4 · answered by pianist 5 · 0 0

ya it will come under taxation and u will have to pay u.

2006-11-18 05:10:34 · answer #5 · answered by Anonymous · 0 0

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