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Advance given to wife for buying a property ; tax treatment?
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Answer Posted / muruasm
hi, i gave some amount to my wife for a property purchase
and the property was registered her name. the amount which i
gave for the property was my own income (salary). what is
the tax treatment for this amount, can i show it as a loan
given to wife. also how it will be treated in my wife's ITR?
and also my ITR?
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