Clubbing of income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2014 In A.Y.2013, I had given some amount to my wife for investment, but she did not invest & just kept in Bank FD & earned some interest. She is a housewife & has no income. Before the year end she gave me back the whole amount.

Now, in my IT return along with my income, I had added the income received by my wife as bank interest in my income, but I have not done any bifurcation that this is my income & this is my wife's income, but I had showed honestly what income I had received. I did not have any tax liability to pay.

I have not hidden anything. Now my A.Y.2013 ITR is not processed yet. It just shows as ITR received. It's 12 months now & not processed.

Could this be reason for delay in processing?

Please let me know in detail. Thank you.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 July 2014 you dont have to worry. sometimes processing of returns do get delayed. there is no reason to worry at all.

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