If I invest in funds in my wife's name, who is a housewife, what will be her tax liability?

Live answers to your investment queries.

[spreet_d]

Please update or confirm if this answer still applies to the new tax laws?

[royalcarngae]

In the case of FD, clubbing of income is applicable, out here won't clubbing of income he applicable if it is a debt fund?

[gautamsinha]

Please update for current taxation laws, it's good I checked the date of publication

[yuvaraj]

I am a NRI. But my wife is not a NRI and she is house wife . Can i invest in mutual funds in the name of wife

[track]

hello sir, clubbing of income to on husband's income is not consider here? please clarify.. and share us a reading material on this topic

[blitz]

Clubbing of income applies here. Will be clubbed with husband's income.

[unlockyourfinance]

Gifted money cannot be escaped from taxes under FD or STCG from equities or LTCG (if it's beyond 1 lakh)

[reg]

How income tax dept will know who is my wife? what if someone have 4 wives and they have not created any marriage certificates? Kuch bhi!

[mdkalamkhan]

My question is: Kya nps me extra 50000 ka deduction agr koi employee apne wife (homemaker) ka nps account open kr k 50k investment kr k employee self k income tax me 80ccd(1b) ka deduction claim kr sakta hai?

[aa]

Sir I have PPF account but I want to open wife PPF account but she’s house wife then I can open one more PPF account please reply term and conditions

[mk]

sir agar mere ladke ke account par fd banao Tu kiya fd ka intrest ladke ki income main count hongi ya meri income main shumar hongi mera ladka 22 year old hai aur jobless hai

[seshuaiyar-urmg]

In Hindu marriage the wife is considered to be a life partner! So in a partnership relation the profits are equally shared? Now the wife is a house maid doing all jobs and also providing sex and children in partnership with husband then the income of the husband should be divided aqually among them!