Regarding itr related

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2015 I want to transfer Rs.100000 from my saving bank account to my wife's saving bank account in FY-2015-16.Suppose,she earn a profit of rs.35000 from this tr.Now,I want to know that when filling the ITR in AY-2016-17,this amount will go in ITR of mine or my wife's ITR.
My desire is to go to all profit of Rs.35000 wife's ITR.What treatment should be follow?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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11 July 2015 Rs. 35000/- earned out of money transferred to wife will be clubbed in your hands. To save clubbing provisions, you may transfer as loan to wife.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2015 Thanks for the advise.

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