Is it a good idea to have the investment portfolio specially like mutual funds, fd’s to be done in the name of non working spouse just to reduce the income tax burden? (ignore insurances and investments for section 80c investments as it has to be under our name)
Do you think IT laws are so loose? If all start to think in this way, then there will not be a single taxpayer left. Even though you invest in your non-working spouse name, whatever the earning from such investment will be considered as your earning but not her.
The source of her investment will come into picture.