How to avoid clubbing of income xx valid options

I have been querying this forum to avoid clubbing of FD interest income ( One’s salary income is invested in her wife’s name ) with valid options but could not get any inputs. However,based on discussion with our corporate auditor, below are possible options:
Split the value into two major parts.

A. Say 10 lacs, bought in cash mode, from her dad/mom for those X yrs of married life, for household expenses.
            –  The expenses amount was compensated by hubby, by transferring amount to her bank account and she booked FD etc 

B. Sold ( Not loan ) her excess X sovereign of jewels to hubby for 10 lacs, for investment purpose
     Transactions:
         – Say 10 lacs transferred from hubby account to her own account on various dates/given date and FD booked etc
  Lets discuss!

Replies (2)
100% penalty will attract on unexplained income shown in itr. new section has been added. kindly refer it. this kind of adjustment is become past.

Thanks for your reply. Which part ( A or B ) did you mean an unexplained income?

Btw..Wife had recieved IT Compliance notice for FD investments, to which the above replies are stated.

 

- Sunil

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