Lending money to spouse

  1. Is it okay to lend money to spouse at zero interest rate?
  2. Will there be any difference considering spouse is salaried person vs self occupied professional?

Hey @Anand_Kamdar,

You can lend money to your spouse. If there’s no interest being charged, it’ll basically be considered a gift.

However, a gift of any amount to the spouse is exempted from taxes.

No, this should not make a difference.

Is there any guideline on minimum rate of interest consideration as per IT department if intention is not to gift money?

Hey @Anand_Kamdar,

You can lend money on loan at the base rate prescribed by RBI.