Income tax on spouse's income
Querist : Anonymous
If I transfer some amount to my wife's savings account and she does stock trading through her demat account and makes some short term capital gains, then,
1) Does my wife pay income tax on that short term gain or
2) I need to declare and pay income tax on that short term gain that my wife made?
PS: My wife is a house wife and has no other income from any source.
Querist : Anonymous
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