Interest income
This query is : Resolved
02 March 2012
I and my wife have personal saving account and one joint bank account in which i am the first holder.
I and my wife have a salary income.
Now suppose I transfer some fund from my personal bank to joint a/c and from there I made some investment in my wife names. Now my wife receives interest income.
So please tell whether interest income will be clubbed under my wife income or it will be mine as investment is made from my salary income. Pls suggest.
I and my wife have a salary income.
Now suppose I transfer some fund from my personal bank to joint a/c and from there I made some investment in my wife names. Now my wife receives interest income.
So please tell whether interest income will be clubbed under my wife income or it will be mine as investment is made from my salary income. Pls suggest.
02 March 2012
Should the source of income channelised from your salary to earn the interest income, such income shall be clubbed with your income ..
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