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Spouse S Name for Personal Income Tax, If Applicable  Form

Spouse S Name for Personal Income Tax, If Applicable Form

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this is from our Ajit Chatterjee I want to invest in mutual funds in my wife's name who is a wife a housewife will there be a tax burden which will affect her will she land in some legal trouble as a housewife no no trouble and she and you know you can actually scape all the taxes because if you invest in a mutual fund the best thing is that till you redeem that investment you are not reliable for any taxes whether it be a fixed income front or equal to four if you have invested in an equity fund and held it for one year and more then you are not liable for any taxes anyway all the returns from equity very densely even at the time of redemption so even if it is in your name it doesn't matter this will be looked upon as your gift to your life and in if her income from a bond fund from one fixed income fund only if she invests and redeems within one year or within three years that it will be treated as her income and if that income is going to be less than the threshold taxable limits th

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