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How to reflect wifes clubbed income in wifes ITR

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Shankar Rugge

312 Points Posted on 24 May 2024

Hi all my question is as a Husband I am clubbing my wifes interest income in my ITR under Schedule SPI. Apart from this clubbed income my wife has her own little income also. Now when I file wifes ITR then I per force has to show her clubbed income which I refllected in my ITR under shedule SPI, in her return also ELSE there will be mismatch with her 26AS as well as AIS. Thus same income is doubly shown in her as well as my ITR.

Can anyone suggest how to show above clubbed income in wifes ITR so mismatch does not take place in her ITR with her AIS/26AS.

Thanks

Shankar

Replies (7)

Quick Summary

This discussion addresses a common tax query regarding how to reflect a wife's clubbed income in her own Income Tax Return (ITR) without causing a mismatch with her Form 26AS or Annual Information Statement (AIS). The original poster is clubbing his wife's interest income in his ITR under Schedule SPI, but needs to show this income in her return as well to prevent discrepancies. The thread explores solutions to accurately report this income in the wife's ITR without it being counted as her personal income again, ensuring compliance with tax regulations.

sabyasachi mukherjee

Profession

19978 Points Posted on 25 May 2024

Post assesse Income separately.

Shankar Rugge

312 Points Posted on 25 May 2024

Not Clear. I want to avoid to include wifes income in her ITR as it is clubbed with mine and reflected by me in my ITR under schedule SPI. Kindly be specific as to how to reflect same in her ITR without adding to her income so that there is no mismatch with her AIS /26AS. Your answer is not specific to the issue.