I am a tax payer. I like to open a trading account in the name of my wife (Housewife) and make share trading from that acount. The proffit will be added to my income or not?
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Tax from shares
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IT will be taxable in your hands i.e clubbed with your income ONLY if the amount used for trading is gifted/passed on by you to your wife.
for more queries : https://knowyourtaxation.blogspot.in/
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