Hello,
I have a new joint account with my wife, me being the primary account holder. I do not operate the account and my wife keeps money in it from time to time. She earns from home tutions and trainings.
I am now a bit concerned that wether the amount in this account will addup to my income ?
Will there be tax implications for me ?
Would one recommend closing this account and opening a new indivisual account for my wife ?
Kindly suggest
CAclubindia
