Dear Sir/Madam,
I have a joint saving account with my wife and she is not earning. I am the primary account holder and generally I deposit money in this account. Can the interest earned in this account be shared by both my wife (50%) and me (50%) ? If yes, then does she need to fill IT return by showing 50% of the total amount deposited by me as a gift in this account?
Kindly suggest how to share the interest earned in this joint account by me and my wife.
Regards
IT return on the interest earned in joint account
GNSah (Engineer) (22 Points)
30 March 2021