1. Pin Money :
Pin Money means “A reasonable allowance given to the wife by her husband for her dress and usual household expenses”
पति द्वारा पत्नी को उसके कपड़े या घरेलू खर्चों के लिये दी जाने वाला उचित राशि/खर्च या भत्ता – को हम Pin Money बोलते हैI
Pin Money is not Taxable ; neither in the hands of the transferor nor in the hands of the transferee.
(Pin Money पर टैक्स नहीं लगाया जा सकता है, न तो देने वाले के हाथ में ना ही पाने वाले के हाथ में)
U/S 64(1) (iv) of the Income Tax Act-1961, any income arising from assets transferred to spouse without adequate consideration is taxable in the hands of the transferor and not in the hands of transferee. However, if asset is acquired by the spouse out of pin money (i.e., a reasonable allowance given to the wife by her husband for her dress and usual household expenses) then the income from such assets cannot be clubbed with the income of her husband. [R.B.N.J Naidu Vs CIT (1956) 29 ITR 194 (Nag) and R. Dalmia Vs. CIT (1982) 133 ITR 169 (Delhi).]
Note : अगर पत्नी Pin Money को कहीं Invest कर देती है और वहाँ से कुछ Income होता है तो वह Income पत्नी के हाथ में Taxable होगा I
2. Streedhan (स्त्रीधन) :
The word Streedhan is composed of two words: Stree (woman) and Dhan (Property). Therefore on combining these two words, we get ‘property of woman’ i.e. called ‘Streedhan’. This is a concept, which came down all the centuries from the Hindu Smritis but has today, engulfed all forms of marriages in all visible castes and regions. Furthermore there is no provision under Income Tax for Streedhan and is just used for the protection of property that is possessed by a woman.
विभिन्न अवसरों जैसे रिश्ता पक्का होने पर, शादी या मुँह-दिखाई में या माता-पिता, भी-बहन व रिश्तेदारों से प्रेम व स्नेहपूर्वक मिला हुआ सामान (जैसे – आभूषण, कैश, घर-जमीन, बर्तन, इत्यादि) – स्त्रीधन कहलाता हैI
As per The Supreme Court of India:
“A Hindu married woman is the absolute owner of her Streedhan property and can deal with it in any manner she likes and, even if it is placed in the custody of her husband or her in-laws they would be deemed to be trustees and bound to return the same if and when demanded by her”.
सुप्रीम कोर्ट ऑफ इंडिया के अनुसार :
“एक विवाहित हिन्दू महिला, स्त्रीधन की पूर्ण अधिकारी होती है और वो जिस तरह से चाहे उस तरह से अपने स्त्रीधन को उपयोग कर सकती हैI अगर स्त्रीधन महिला के पति या ससुराल के किसी भी व्यक्ति के पास रखा गया है तो ये माना जायेगा कि पति या ससुराल वाले उस स्त्रीधन के बस संरक्षक/रखवाले है और महिला जब भी अपने स्त्रीधन को माँगेंगी, उन्हे वापस देना पड़ेगा I
Sources of Streedhan:
• From her father, mother, husband, brother, father-in law and mother-in-law out of love and affection.
• By her maternal uncle and relative etc. at the time of marriage in presence of nuptial fire.
• By the cousins and relatives of her parents.
• From the side of bride-groom prior to marriage towards duty.
• Given at the time of her departure from her father’s house.
• By the father-in law or mother-in-law out of love and affection.
