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Income in wife's name

Jayesh (Proprietor) (141 Points)

30 August 2014

Can I receive income in wife's account - it will be her income and she will pay tax on it but I will be the one actually doing the work. Question is: does IT dept. care who actually does the work against which income is received as long as all taxes are paid and returns filed?

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3 Replies

(Guest)

if everything the business, the income is on wife's name , then ther wil b no problem dear

Jayesh (Proprietor) (141 Points)
Replied 30 August 2014

It will be all business/consulting income. I will tell my client to send cheque or transfer funds to my wife's proprietory current account. I will also raise a bill from in her proprietory company name. This sounds a bit fishy - but, perfectly legal and acceptable to I.T. Dept.??? If there is a scrutiny, I do not want I.T. department to ask me to prove that my wife was the one doing the work as she is not qualified to do it ( investment analysis)? Thanks!