Can I invest money in my wife’s name to claim 80C deduction?

Forums Tax Planning Can I invest money in my wife’s name to claim 80C deduction?

Can I invest money in my wife’s name to claim 80C deduction?

I need to invest Rs. 50,000 to get full benefit of section 80C deduction. My wife is a housewife with no income. Can I invest the amount in her name to get tax deduction?

Profile photo of Pankaj Pawar Asked By: Pankaj Pawar 1 replies 1 helpful answers Last Updated: 5 months, 2 weeks ago
  • Profile photo of Pankaj PawarPankaj Pawar
    Participant

    I need to invest Rs. 50,000 to get full benefit of section 80C deduction. My wife is a housewife with no income. Can I invest the amount in her name to get tax deduction?

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    Certain investment qualifying under section u/s. 80C can be made in the name of spouse or your children but not all. Ex NPS investment made in wife’s name will not qualify for 80C deduction. So you should check the eligibility of the investment you are planning.

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