The clubbing of income

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Sridip Kumar Shaw (Querist)
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19 July 2015 suppose Mrs A is a house wife and jointly holding the SB account with her spouse, from there she has made some investment in shares.

During the year she has earned income from the investment in the share trading , and she has no other income

my question is that whether it should be clubbed in the hands of her spouse (assuming her spouse has IT Return file)or it shall be taxable in the hands of Mrs A?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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20 July 2015 In this type of situation in my opinion, cash deposits in account just before investment is made is to be taken into account i.e. how much cash has been deposited by husband and how much by wife. I cash has been deposited by husband only than entire income will be clubbed in his hands. On the other hand if cash is deposited by both husband and wife from time to time than income will be clubbed proportionately taking into account total investment and income earned.

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