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GIFT RECEIVED FROM SPOUSE IN THE FORM OF LAND

This query is : Resolved 
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(Querist)
21 February 2022 HELLO TEAM,

A WIFE HAS TRANSFERRED MONEY FROM HER BANK ACCOUNT INTO HER HUSBAND BANK ACCOUNT FOR HUSBAND PROPRIETORY BUSINESS EXPENSES AND INVESTMENT PURPOSE.

AS PER RULE IF INCOME GENERATED ON INVESTMENT IT WILL TAXABLE UNDER WIFE INCOME.

SO PLEASE HELP ME ABOUT IF THE MONEY WILL USED FOR BUSINESS PURPOSE . WILL IT BE TAXABLE UNDER WIFE INCOME OR HUSBAND ITSELF.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 February 2022 Husband's business income itself.
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