My wife is un employed and house wife. she is not paying any income tax. I want to buy ELSS tax saving mutual funds on her name and her PAN number. DO i ahve tax
Exemption ?
bharadwaj (software professional) (80 Points)
23 April 2009My wife is un employed and house wife. she is not paying any income tax. I want to buy ELSS tax saving mutual funds on her name and her PAN number. DO i ahve tax
Exemption ?
CA CS Bhumika Thakkar
(CA,CS)
(1618 Points)
Replied 23 April 2009
no u cant hav tax exemption if u invest in ur wife's name..