Income tax on income earned from borrowed money

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39 Points Posted on 04 August 2012

Hi

Suppose if I gift/ loan some money to my wife and if she uses that money for Shares Investment / Shares trading / Commodity trading, will the profit be taxed on my wife's hands or mine?

I feel this would be in my wife's hands? Wanted to get clarification from experts.

Thanks

Srinivas

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On 04 August 2012 at 22:14 Report
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39 Points Posted on 04 August 2012
Yes. Income will be of ur wife. She can use it Gift/Loan for any purpose.
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On 04 August 2012 at 23:42

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