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Income of spouse

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(Querist)
19 September 2014 I am doing trading/investment in equities and derivatives through spouse's (housewife) a/c since I understand that income from that investment is taxable for me but income on that income shall become taxable for my wife. Kindly advice if I am correct and whether I am required to show that income as "Business Income" or "other income" in ITR 4S.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 September 2014 the onwer of income shall be taxable in this case its ur wife who have taxable income
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