06 June 2020
Sir, A person directly transfer all his retirement money to his wife account ,whereas his wife is housewife with no income, get a notice from IT to file return.
So whether she required to filed the return ,as the money belong to his husband retirement money. Please suggest.
07 June 2020
If money transferred was used in any investment or anything else by name of wife then I think they are 2 conditions applicable 1. if money was given as gift to wife so then income will be in the hands of wife and need to file return by her 2. if it is just account transferred (then investment) with joint holder (1st wife 2nd husband) or withstanding anything then it will be clubbing as @CA R SEETHARAMAN Sir said.
CAclubindia
