Executive Director, Jaycee Homes
CEO - Residential Services, Jones Lang LaSalle India
Founder and CEO, Right Horizons
MD & Chief Financial Planner, International Money Matters
Certified Financial Planner, Ladder7 Financial Advisories
CFPcm, Arihant Capital
viyankaasii: I am merchant navy nri. I want to invest in equities but not through PIS as the charges are too high which will eat away chunk of my investments. I think of investing through my wife who is a housewife. Is it legal to do like that? If so how much i can invest through her without paying income tax for her. ? Can i give money as gift so that it doesnt attracts tax? How much is the max.permissible amount i can give as gift so that she doesnt have to pay tax?
raviiyer_1960: I purchased land in Chennai in 1979 for Rs 15000/- and later constructed a house on the land. Now the house is demolished and development rights are given to a builder to construct 6 flats on the land. I will receive 2 of the six flats (with no payment from me) and a % of the sale proceeds of the other 4 flats as well. 1. Whether both new flats will qualify for exemption from capital gain or only one, irrespective of the value? 2. Will staggering the receivable funds between this financial year and the next help in availing the 50 lacs exemption tw