Wife can start income from husband / other fund

Manoj Kumar (Querist) 04 August 2015 This query is : Resolved
My wife has some money in a SB Bank account and a trading account. SB account money mix like from me and relative and cash from other she gets from time to time last 5-10 years.Now she want to buy/sell share on regular for own income. Can I show her income in her PAN account and file Income Tax Return OR or his income will be add in my income. please suggest.

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P. Venu (Expert) 05 August 2015
Pl. contact CAclubofindia,

Rajendra K Goyal (Expert) 05 August 2015
If she is having her name as first account holder money is supposed to be her.

For share trading she can open new account and transact from that account, to have separate accounting.

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