Right of wife on property during divorce

I will give you my bank account.. you can deposit money in my account.... :) PUN apart ... DO NOT CARRY ANY FINANCIAL TRANSACTION WITH DV ON.... THIS WILL HELP YOU LATER...

There are two aspects to this question

1. Legal

2. Tax Implications

I was advised by my lawyer to not to invest in any property/bank/FD etc because wife will try to bring all my properties/ money/ investments etc. in court to get more alimony during divorce. He advised me to buy gold in small amounts or in some way that my PAN is not submitted during purchase. It is upto you to decide whether gold is a good or bad investment. Other advice was to give money in cash (not cheque or electronic transfer) to parents  and let them invest in property/Mutual fund/ etc. 

Tax: If you give money to your parents then there is no tax implications for giving money. Money earned as interest or profit from mutual funds etc. will be taxable. So, it is advised to invest in the name of person, who will pay less tax. For example, if your mother has less income than your father then better to invest in mother's name. 

Thanks for the replies. My worry was more about my wife claiming share of investments that are made in my parents name out of their own earnings.

Will she have any right on the investments made by my parents?

Same question is in my mind. Can Wife or her son claim in the ancestral property. Investment and properties purchased by husband at the time of DV case going on.