alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home News Tax relief on money in single parent account may lead to tax evasion

Read more interesting news from around the globe with Indianmoney App

Google Play
 
Get the Best Financial Advice on Loan Against PropertyClick Here
 
 
Tax relief on money in single parent account may lead to tax evasion

Tax relief on money in single parent account may lead to tax evasion

Monday, March 20, 2017, 10:40 PM

The income tax exemption on the money deposited in a single parent’s account as maintenance for a minor child in a divorce settlement case could open flood gates of tax evasion, the Law Commission warned today. At present, as per the Income Tax laws, the interest on money deposited as maintenance amount for a minor is clubbed with the income of the guardian.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!