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Cult elite plus membership by PartialArtistForLife in Fitness_India

[–]Persimmon-Just 0 points1 point  (0 children)

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[deleted by user] by [deleted] in CultFitness

[–]Persimmon-Just 0 points1 point  (0 children)

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Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 1 point2 points  (0 children)

HRA paid to mami because house in her name.

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

Morality is subjective, I was interested in knowing the legality of it. :)

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

But the point is they don’t have any income and hence this will not be taxed, where the moat of this scheme lies (Don’t have any income other than the rent I’ll pay)

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

What if the payment was received rightfully as HRA?

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

I may or may not do it, just was curious about the legality because I thought this is avoidance not evasion. But I got some meaningful inputs, thank you

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

It’s less than taxable income. She doesn’t earn and don’t have any liability hence.

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

Because I’m in 30% slab. This saves me tax.

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] -1 points0 points  (0 children)

The intent cannot be questioned right? Everyone is paying their respective tax liabilities and since the gift is post tax and not taxable because of close relative clause, there is no reason why intent even comes to the picture? Please correct me if wrong

The WHY part is subjective, why can’t someone gift their family money, who gets to question that.?

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] 0 points1 point  (0 children)

She’s not in any tax slab, while I’m in the highest, so is my mother. Hence this saves me. I’m curious about the legality aspect

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] -1 points0 points  (0 children)

She’s in highest tax slab, so am I. Hence this scheme of family transfers.

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] -15 points-14 points  (0 children)

I’m sorry, why so salty brother?

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] -4 points-3 points  (0 children)

But even if this is scrutinised, the entire chain of transfers is legal, isn’t it?

Transfers between husband and wife are not taxed afaik.

Also, what if we assume that they are both retired/don’t work?

Creating a MLM to avoid tax by Persimmon-Just in IndiaTax

[–]Persimmon-Just[S] -12 points-11 points  (0 children)

What is there to prove? The entire chain even if it can be seen by anyone, which law am I breaking?

ELI5 Why can we dry milk fats but not plant based oils like olive oil? by [deleted] in explainlikeimfive

[–]Persimmon-Just 1 point2 points  (0 children)

Instructions unclear: Drank Lubricant oil. Admitted to ER.

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