Property (my name ) Sale proceeds into Markets (wifes name)
I wanted to know if its possible to invest the sale proceeds from a property which is in my name into the stock market in my wifes account. I am planning to invest the entire capital gains in new property & remaining amount in stock market. This is not a tax query but rather to know the procedure for the above.
So I just want to know if theres a specific process to be followed or I can just transfer the balance amount to my wifes account & invest into markets from thereon.