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Love Guru

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Relationships Expert - Answered on Sep 05, 2023

Love Guru has been answering relationship and romance related questions on Rediff.com for over 13 years. She won't mince words when telling you what the problem is and what you can do about it. If you want a fresh perspective from an unbiased, objective-thinking individual about your relationship woes, Love Guru could just be the person you need to need to hear from.... more
Asked by Anonymous - Sep 04, 2023Hindi
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Relationship

Hello experts..for the cancer treatment of a friend, we had collected around 15-17 lakhs of money and her family had transferred 7 lakhs..so total amount in her account was 23-25 lakhs,of which 10 lakhs has been spent in treatment and rest money was transferred to her- to- be husband(fiancee) account,who kept the money as Fixed deposit for 4 months. She is 24 years old. Will it create trouble for her or her fiance in income tax issues? Pleass suggest ways to avoid trouble.

Ans: I think you’ve posted your question on the wrong forum, my dear…you need a financial expert, not the Love Guru!

You may like to see similar questions and answers below

Ramalingam

Ramalingam Kalirajan  |9383 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 07, 2024

Asked by Anonymous - Dec 05, 2024Hindi
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Money
My wife is given some money every month for house hold expenses ,she also received some money from her son. She saved some money and invests in Mutual funds and also in equality. She has started filling income tax returns.,even though her income is less than 3 lac. As money invested is also out of funds given by me. Is there any liability of tax on me.
Ans: Understanding Tax Implications for Gifts and Investments
1. No Tax on Money Given to Your Wife

Money transferred to your wife for household expenses or gifts is not taxable.
Gifts given to your wife are exempt under Section 56(2) of the Income Tax Act if given without consideration.
2. Clubbing of Income Rules

Income earned from the money you gave to your wife could be taxable under your name.
As per Section 64(1)(iv) of the Income Tax Act, any income earned by your wife from assets funded by you will be clubbed with your income.
3. Taxation on Income from Investments

Dividend Income or Interest Income: If your wife earns interest or dividends from the investments made using your funds, this income will be added to your taxable income.
Capital Gains from Investments: Income from the sale of mutual funds or equities (capital gains) is taxed in her name since it's her investment decision. It will not be clubbed with your income.
4. Money Received from Son

Any money your wife receives from her son is exempt under the Income Tax Act as it is considered a gift from a relative.
Income generated from such funds (e.g., interest, dividends) will be taxed in her hands.
5. Filing of Income Tax Returns by Your Wife

Filing returns is a good practice, even if her income is below the taxable threshold.
This ensures her financial independence and tracks her income and investments systematically.
What Should You Do?
1. Maintain Proper Documentation

Keep records of the money transferred to your wife. This helps establish the source of funds.
Document the funds received by your wife from her son.
2. Separate Accounts for Clarity

Encourage your wife to maintain a separate bank account for her investments.
This will ensure transparency and clarity in case of future tax assessments.
3. Monitor Clubbing Provisions

Regularly review investment income to check if it’s liable for clubbing.
Capital gains are not clubbed, so your wife can continue her equity and mutual fund investments.
4. Seek Professional Guidance

Consult a Certified Financial Planner or a Chartered Accountant.
They can help you structure investments and income to minimise tax liabilities.
Final Insights
There is no direct tax liability on you for money gifted to your wife. However, income from such funds may get clubbed with your income as per tax laws. By planning investments and maintaining proper records, you can manage tax compliance efficiently.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Latest Questions
Adarsh

Adarsh Rai  |12 Answers  |Ask -

HR, Leadership coach - Answered on Jul 03, 2025

Asked by Anonymous - Jun 11, 2025Hindi
Career
Hi. I am currently 29. Married with no kids. Wife not earning. Planning for a kid this year. Monthly earning 60k post tax. Have savings of 2 lakhs. Have personal loan of 9 lakhs. Monthly expenses 40k including emi's. I have lost interest in job and I don't want to work anymore. I want to do business which can give monthly 50 to 60k income. Max I can invest 2lakhs. Is there any business which I can start with 2 lakhs and generate monthly income of 60k ? I am frustrated with working under an employer. I want to start my own venture. Please suggest.
Ans: Spandan, pause before you mail the resignation.

Your maths
60 k take-home
40 k spends (15 k of that is EMI on a 9 L loan)
→ 20 k buffer

A newborn will nudge monthly costs up by 8-10 k. Cash cushion shrinks fast.

So the plan must earn while you learn, not leap blind.

Keep the paycheck six more months.
Use evenings to test micro-ideas. Risk stays capped at ?0 for now.

Choose a “cash-this-month” niche, not a moon-shot.
Pick work that turns inventory ≤ ?50 k into sales inside 30 days.

Tiffin + office snacks (two dishes, 40 boxes) - ?25 k utensils, ?10 k FSSAI, ?5 k flyers - ?120 per box × 40 = ?4.8 k /day

Amazon / Flipkart reselling (phone cases, cables) ?40 k stock, ?15 k ads 25 % net margin on ?2 L monthly sales = ?50 k

Weekend print-on-demand & personalised gifting kiosk ?45 k heat-press kit (other options are there too) ?300 profit per mug × 200 pcs → ?60 k Bring Your Mug - Take Away Memories.

Local social-media management for clinics & salons ?0 gear, ?3 k Canva Pro ?8 k-?12 k per client; 6 clients hit target

None need heavy staff or rent. All can run beside your day job.

Set one simple goal: ?15 k profit by Day-30.
Hit it twice, raise target to ?35 k. Only when side income beats salary three months straight do you quit.

This is critical - Plug leaks early. Refinance personal loan to longer tenor; shave EMI to ~?10 k.

Park 1 L of savings in an emergency account—no touch.Skill up tiny, daily.
Watch a YouTube on ad copy, take a WhatsApp course on GST filings. Low cost, immediate payback.

Start small, sell fast, reinvest every rupee. Freedom comes, but by steps, not by one loud jump.

...Read more

Adarsh

Adarsh Rai  |12 Answers  |Ask -

HR, Leadership coach - Answered on Jul 03, 2025

Career
Hello Sir ,spandan here can you please tell me which fields will be good path for me, i want to join indian army after getting a bachelors degree but i also want to get a good course in engineering. And to improve my skills i wanted to choose a niche to select like Data science,cyber security,block chain and UX/UI. Can you tell me which is a better option
Ans: Spandhan - the Indian Army of 2030: satellites humming, networks under attack, swarms of sensors feeding dashboards in a forward command post. Officers who understand code, data flows, and signal security steer that fight.

Two decisions shape your path
The bachelor’s branch you choose (for campus learning and placements).

The Army entry gate you target after graduation.

Pick a branch that helps both goals: B.Tech CSE with a Cyber-Security or AI/Data-Science minor

Specialised B.Tech Cyber Security | Blockchain / UX-UI tracks| B.Tech ECE (electronics) with electives in embedded & comms

Go CSE (or ECE) and stack cyber-security / data-science electives. That mix lines up with Army tech entries and the private market.

Know your post-degree entry doors

TGC / SSC-Tech 20-27 Age B.E./B.Tech in listed branches inc. CSE, IT, ECE Signals, EME, Engineers

CDS – IMA/OTA 19-25 Any bachelor’s, tougher written + SSB All arms; tech grads often posted Signals

Agniveer (Technical) 17.5-21 10+2/ITI, but engineering diploma grads gain edgeKeep your CGPA ≥ 7, build fitness early, aim for NCC ‘C’ (bonus marks at SSB).Pick cyber-security as primary, add AI/data electives. You’ll be useful whether you wear olive greens or a hoodie.

Keep the plan simple: CSE + Cyber/AI → TGC/SSC-Tech → Corps of Signals.
Even if you later choose the corporate highway, those same skills pay handsomely.

...Read more

Adarsh

Adarsh Rai  |12 Answers  |Ask -

HR, Leadership coach - Answered on Jul 03, 2025

Asked by Anonymous - Jun 27, 2025Hindi
Career
My son got 13800 in comedk 2025 and 10010 in srm phase 2. What college cse can he expect in round 1 comedk or srm phase 2 and which is better also he is general merit so what good chances does he have in comedk round 3 and should he go for it
Ans: Your son’s ranks sit in a “middle-sweet” band that is good enough for solid Bangalore colleges, borderline for SRM-KTR core CSE Lock a decent COMEDK Round 1 seat (say DSATM); keep choices open for upgrade in Round 2-3.

Attend SRM counselling. If KTR core CSE materialises, grab it; else, skip.

Track placement stats, not brand hype: ask each institute for last two years’ CSE median, not just highest.

Waiting one more round in COMEDK is sensible; the risk is low, the upside is a notch-better college.

...Read more

Nayagam P

Nayagam P P  |7783 Answers  |Ask -

Career Counsellor - Answered on Jul 03, 2025

Career
Which is better among cse or csai?
Ans: Chhavi, Five critical institutional pillars—NBA/ABET accreditation, PhD-qualified and research-active faculty, cutting-edge infrastructure and specialized labs, robust industry collaborations for internships and research, and efficient placement and career services—underpin the effectiveness of both CSE and CS-AI programs. Computer Science Engineering (CSE) provides a broad foundation in programming, algorithms, data structures, software engineering, networks, and operating systems, ensuring versatility and adaptability across software development, cybersecurity, cloud computing, and research domains. Pros of CSE include its comprehensive curriculum, multiple career paths, research opportunities, global recognition, and robust 80–95% placement rates over the last three years. Cons include its generalized scope diluting specialization in AI/ML, larger cohorts leading to competition for resources, potential curriculum lag in emerging technologies, heavier theoretical workload, and necessity for additional certifications for niche fields. CS-Artificial Intelligence (CS-AI) focuses intensively on machine learning, deep learning, natural language processing, robotics, and neural networks, supported by specialized AI labs and industry research centers. Pros of CS-AI include targeted expertise in high-demand skills, alignment with cutting-edge tools and frameworks, contribution to transformative sectors like healthcare and autonomous systems, higher projected job growth of 22% by 2030 vs. 11% for general computing roles, and leadership in innovation. Cons include its narrower scope limiting roles outside AI, uneven accreditation and faculty availability in some institutes, risk of rapid obsolescence, dependence on high-end computational resources, and smaller alumni networks. Over the next 5–10 years, AI is expected to revolutionize automation, enterprise solutions, scientific discovery, policymaking, and knowledge management, integrating with IoT, quantum computing, generative AI, and ethics frameworks, thereby expanding opportunities for AI specialists. Emerging domains such as autonomous vehicles, personalized medicine, predictive analytics, and AI governance underscore the expansion of AI’s influence, requiring interdisciplinary AI expertise with ethical and regulatory understanding for sustainable innovation.

Recommendation: Considering the breadth and stability of career pathways, pursue CSE if you value a comprehensive computing foundation, multiple career options, established accreditation, and sustained 80–95% placement rates, offering flexibility to specialize or pivot. Opt for CS-AI if driven by a deep passion for machine learning, NLP, robotics, and emerging AI innovations, contingent on studying at an institution with specialized labs, PhD-qualified AI faculty, strong industry research tie-ups, and robust placement support in AI roles. All the BEST for the Admission & a Prosperous Future!

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