28 March 2024
Scenario: Husband transfers 25 lac to his wife. She then invests this amount in Equity shares. She pledges this equity shares with broker to get collateral margin. She does F&O trading using this collateral margin.
Question: I understand the capital gain (if any) arising from equity investment will be clubbed with husband's income. But what about the income from F&O trading? Will it be treated as her income or also clubbed with husband's income?
CAclubindia
