We have a joint account and I am investing my savings in my spouse name in the form of FD. She is a home maker and has no other income. Will there be any tax implication for her? Any best practices on this 🙂 Please advice.
P.S: I am not asking for suggestions to do tax evasion. I fall under 30% tax bracket so am trying to understand legal ways by which i can do my monthly savings and enjoy max returns.