Can I invest in my wife name India?
Minor children: In case of minors, clubbing provisions under section 64 of the income-tax Act apply. Any gain from the investment, in the name of minor child, gets added to the income of the parents and is taxed accordingly.
Can I buy shares in my wife’s name?
If you’re officially married, you can give shares in your company to your wife or husband and they won’t have to pay any capital gains tax, even if your business is worth serious money.
Can you invest family members money?
If your family or friends really want your help, joining or starting an investment club is a great compromise. You can invest your money with your loved ones, without taking on the responsibility of acting as an investment advisor.
How can I invest a housewife?
- Mutual Funds Through SIP. Mutual funds are an excellent option for investors for long-term wealth accumulation.
- Post Office Monthly Income Scheme (POMIS)
- Recurring Deposits.
- Public Provident Fund.
- National Savings Certificate (NSC)
Can I opening FD in wife’s name?
It is common to open a fixed deposit or buy insurance in the name of spouse or minor children. One can even open a Public Provident Fund (PPF) account or buy stocks in the name of spouse or children.
Can I trade my wife’s account?
In a perfect world you would have your wife confirm in writing, on a form to be provided by the broker/dealer, that you are authorized to trade her account. That way, if, God forbid, you separate, she will be prevented from suing you for damages sustained as the result of your “unauthorized” trading in her account.
Can housewives have a PPF account?
You can open the PPF account in your wife’s name and invest Rs 1.5 lakh per annum on her behalf. However, the money given to your wife will be clubbed to your income.