Income of dependant spouse

Ananjan Mukherjee (Querist) 29 September 2008 This query is : Resolved
If my wife is a housewife but has some income through investment interests, will I be taxed for that income? If I gift my wife some money which she invests on her name, would the interest earned be considered my income?

Thank you,
Ananjan Mukherjee

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SHEKHAR MISHRA (Expert) 30 September 2008
File separate tax return of your wife.

ARVIND JAIN (Expert) 30 September 2008
INTEREST EARNED OF GIFTS FROM YOU IS TAXABLE IN UR HAND.IT WILL BE CLUBBED.

Guest (Expert) 30 September 2008
Section 64 may get attracted.

K.C.Suresh (Expert) 01 October 2008
file Return

rajesh garg (Expert) 01 October 2008
IF SHE DEPEND UPON YOU THEN ANY INCOME ARISE SHALL BE TAXABLE AND IF FILLED RETURN INDIVIDUALLY THEN ADD IN HER INCOME.

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