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ELSS investments on spouse name and spouse PAN Number

Tax queries 1067 views 2 replies

 My wife  is un employed and house wife. she is having a PAN number. she is not paying any  income tax.  I want to buy ELSS  tax saving mutual funds on her name and on her PAN  number. Is there  tax benfit for me?

 

 

Replies (2)

There will be no benefit for u. Instead ur money will have a lock-in of 3yrs..

KeerthY

Mr. Bhardwaj,

It will not be useful for you.

Regards

Vijay kumar

 


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