investment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2010
hi,
am a taxpayer, can i invest my income after tax in my wife name she is house wife having PAN . If yes what is the maximum amount can be invested. Is their any specific way of investing.
am a taxpayer, can i invest my income after tax in my wife name she is house wife having PAN . If yes what is the maximum amount can be invested. Is their any specific way of investing.
10 May 2010
If the amount invested by u in ur wifes name is a gift given then the income earned on the will be liable for clubbing in ur hands.
If the same is given as a loan then income earned on the same will be taxed in her hands only.
There is not limit on the amount.
If the same is given as a loan then income earned on the same will be taxed in her hands only.
There is not limit on the amount.
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