If I invest in fd in my wife name then the interest will be clubbed in my income but what will happen if I invest in ppf account in my wife name and can I invest 1.5Lk in 80c in my name and my wife name also. What will be the tax implications.
If I invest in fd in my wife name then the interest will be clubbed in my income but what will happen if I invest in ppf account in my wife name and can I invest 1.5Lk in 80c in my name and my wife name also. What will be the tax implications.
Yes, investment in PPF account would not be clubbed as the interest earned is exempt u/s. 10 of IT act.
My wife is a house wife and I want to know regarding specific situation mentioned
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
View Details
CAclubindia
