My wife has a financially sensitive job. She cannot have a demat account or trade in securities. She suggested transferring money to me so that I can invest in equity/debt or trade in derivatives. What are the tax implications? Is there a limit to the amount she can transfer?
There is no restriction on the amount that can be transferred from a wife to a husband. However, substantial transfers may attract scrutiny from tax authorities, and it is advisable to maintain a record of the source of funds.