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Plan to save tax by investing in spouse s name? That could spell trouble

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’t be taxed as part of your spouse’s income. Doing so can get you an income tax notice.

marriage: How marriage and financial independence can co-exist for women

"When we talk about relinquishing control over assets, what also happens is that after she gets married, she does not often ask questions about what is being done on the investment front. So a very common problem that comes to me is that my husband makes all the investments for me, so I have no idea what is going on, where is what and what is on my name, what is not on my name. So even at that level, control is being given to someone else, a husband or a patriarch in the family to handle."

Tiga Korban Investasi Bodong Ngadu ke Neno Warisman

Tiga Korban Investasi Bodong Ngadu ke Neno Warisman
liputan6.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from liputan6.com Daily Mail and Mail on Sunday newspapers.

Gurita Bisnis Yusuf Mansur, Penyetor Pajak Rp200 Juta Sehari

Gurita Bisnis Yusuf Mansur, Penyetor Pajak Rp200 Juta Sehari
cnnindonesia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnindonesia.com Daily Mail and Mail on Sunday newspapers.

Leland and H2GO propose consolidation of services, assets after long legal battle

H2GO and the town of Leland will each consider the proposal during meetings next week. (Port City Daily photo/Johanna Still) LELAND The Town of Leland announced it is considering an agreement with Brunswick Regional Water and Sewer, better known as H2GO, to consolidate the utilities of the two water providers “[i]n the spirit of cooperation and unity.”  Since late 2017, the two have been involved in an often contentious, multi-million-dollar legal battle over H2GO’s assets in northern Brunswick County, which also involves the nearby town of Belville. Leland and Belville have fought over the rightful title to H2GO since the latter’s outgoing board members transferred all of its assets to Belville on Nov. 28, 2017.

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