Can husband keep fd in the name of wife?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2016
Sir,
I want to know A husband who is govt employee filed his return every year, keep fixed of 3 lack deposited in the name of his wife who is house wife .is it necessary for that wife to have IT return,as she is only house wife with no income.
Please suggestt
I want to know A husband who is govt employee filed his return every year, keep fixed of 3 lack deposited in the name of his wife who is house wife .is it necessary for that wife to have IT return,as she is only house wife with no income.
Please suggestt
CA R SEETHARAMAN
(Expert)
28 March 2016
The interest income earned in the name of wife has to be clubbed in the hands of husband as per clubbing provisions of income tax. No need to file return in the name of wife.
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Amol S Joglekar
(Expert)
28 March 2016
Yes. No problem. (This is subject to section 64 for clubbing of income OR section 56 for gift) The assessee has to decide once and for all for the same.
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