14 July 2014
In A.Y.2013, I had given some amount to my wife for investment, but she did not invest & just kept in Bank FD & earned some interest. She is a housewife & has no income. Before the year end she gave me back the whole amount.
Now, in my IT return along with my income, I had added the income received by my wife as bank interest in my income, but I have not done any bifurcation that this is my income & this is my wife's income, but I had showed honestly what income I had received. I did not have any tax liability to pay.
I have not hidden anything. Now my A.Y.2013 ITR is not processed yet. It just shows as ITR received. It's 12 months now & not processed.
CAclubindia
