- Is it okay to lend money to spouse at zero interest rate?
- 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.
Hi,
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.
Lending money to a spouse can be a way to support them, but it’s important to set clear terms to avoid misunderstandings. Consider documenting the loan to ensure both parties are on the same page.