Tax: Cut tax by investing in fiance's name

Source: ET Wealth – Dec 27, 2010 : How to cut tax by investing in spouse's name   If a couple is engaged, and the girl does not have any taxable income or pays tax at a lower rate, her fiancé can transfer money to her. The income from those assets won't be included in his income because the transaction took place before they got married. One can give up to Rs 1.9 lakh (the tax exempt limit for women) without putting any tax liability on the girl.