{"id":92688,"date":"2023-12-13T10:39:52","date_gmt":"2023-12-13T05:09:52","guid":{"rendered":"http:\/\/finservwealth.com\/plan-to-save-tax-by-investing-in-spouseaes-name-that-could-spell-trouble\/"},"modified":"2023-12-13T10:39:52","modified_gmt":"2023-12-13T05:09:52","slug":"plan-to-save-tax-by-investing-in-spouseaes-name-that-could-spell-trouble","status":"publish","type":"post","link":"https:\/\/finservwealth.com\/hi\/plan-to-save-tax-by-investing-in-spouseaes-name-that-could-spell-trouble\/","title":{"rendered":"Plan to save tax by investing in spouse\u00e2\u20ac\u2122s name? That could spell trouble"},"content":{"rendered":"<p> You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice.<\/p><div id=\"finse-2383602933\" class=\"finse-content finse-entity-placement\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9118214110898834\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-9118214110898834\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/plan-to-save-tax-by-investingspouse%C3%A2%E2%82%AC%E2%84%A2s-name-that-could-spell-trouble_17368211.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice. You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice.\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/plan-to-save-tax-by-investingspouse%C3%A2%E2%82%AC%E2%84%A2s-name-that-could-spell-trouble_17368211.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p><!-- wp:html --><\/p>\n<p> You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice.<\/p>\n<p><a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/plan-to-save-tax-by-investingspouse%C3%A2%E2%82%AC%E2%84%A2s-name-that-could-spell-trouble_17368211.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>\n<p>\u200b\u00a0You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice. You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice.\u00a0\u00a0Moneycontrol Latest News\u00a0<a href=\"https:\/\/www.moneycontrol.com\/news\/tax\/plan-to-save-tax-by-investingspouse%C3%A2%E2%82%AC%E2%84%A2s-name-that-could-spell-trouble_17368211.html\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a>\u00a0\u00a0<\/p>\n<p><!-- \/wp:html --> You can use your income to buy an asset for your spouse. But any income from that asset will be clubbed with your income and taxed accordingly. This can\u00e2\u20ac\u2122t be taxed as part of your spouse\u00e2\u20ac\u2122s income. Doing so can get you an income tax notice.<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-92688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"jetpack_featured_media_url":"https:\/\/www.moneycontrol.com\/news_image_files\/2023\/200x200\/t\/tax-return-filing_200.jpg","_links":{"self":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/92688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/comments?post=92688"}],"version-history":[{"count":0,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/posts\/92688\/revisions"}],"wp:attachment":[{"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/media?parent=92688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/categories?post=92688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finservwealth.com\/hi\/wp-json\/wp\/v2\/tags?post=92688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}