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Use Of Marriage For Tax Planning

Yes, it is true that if you are married then you are able to make a substantial saving of income tax by just resorting to set up two separate independent income tax files for both the husband as well as the wife. If your wife prior to her marriage was already assessed to income tax, then she may continue to file her income tax return in the same income tax ward/circle where she was assessed. The Income-tax Permanent Account Number of your wife would also continue to be the same. It will thus not change because of marriage.

However, the surname of your wife would surely change after marriage so also her residential address would surely change. After marriage all that is needed for the separate income tax return for your wife is to file the income tax return with her new surname and new address. If your wife desires, she can continue to file the income tax return mentioning her old address (before marriage). Due to marriage if the town changes, then she can file the income tax return in the new town according to the new jurisdiction which would be on the basis of residential address. Thus, as a result of marriage one should plan a separate income-tax file of the wife.


However, care should be taken to ensure that no direct gift or transfer from husband is made to the wife.
Introduction to Family Tax Planning
Family Tax Planning - Matter Of Making Gifts And Settlements
Family Tax Planning For A Nuclear Family
Family Tax Planning By DINKs (Double Income No Kids)
Family Tax Planning While Accepting Gift
Have A Trust For Your Prospective Spouse for Family Tax Planning
It Is Possible To Have Discretionary Trust - Family Tax Planning
Avoid Oral Trust towards Family Tax Planning
Conclusion @ Family Tax Planning
How To Avoid Clubbing Of Income Of Husband And Wife -Tax Planning
How To Avoid Clubbing Of Income Of Minor Child In Parent’s Income
Minor Child should have Separate Income Tax File for Tax Planning
Use Of Marriage For Family Tax Planning
Major Children Are Your Great Tax Savers for Family Tax Planning
Your Parents And In-Laws Can Save More Taxes For You
You May Plan To Save Income Tax For Your Successors
Separate Income Tax File For A Daughter-In-Law

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