bharadwaj (software professional) (80 Points)
22 April 2009My 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?
keerthy
(Asst. Manager)
(31 Points)
Replied 27 April 2009
There will be no benefit for u. Instead ur money will have a lock-in of 3yrs..
KeerthY
vijay
(.)
(212 Points)
Replied 27 April 2009
Mr. Bhardwaj,
It will not be useful for you.
Regards
Vijay kumar
CAclubindia
