Opening an FD in my Wife's Name
22-Mar-2023 (In Tax Law)
A FD of 20 lakhs from 5 years back matured today. what i wanted to ask was that,can i open an fd in my wife's name with the amount ? my wife is a homemaker therefore has 0 income, if i open that fd in her name i can keep the interest tax free. is it legal and can it be done ???
yes there is some procedure for which you need to visit the chamber with details of paper with prior appointment. Does she have pancard. also bring her details identity proof along with all paper. Book appointment over phone.
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