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Wife inherited fixed deposits from mother-in-law

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 September 2014 My mother wants to give her bank fixed deposits amounts invested to her daughter-in-law [ that's my wife ] after my mother's death, through a WILL & no body has any objection towards that.

If my wife receives such amount in future & she invests such money in fixed deposits in her name, will that income be clubbed under my income head or will it be my wife's seperate income? She is a housewife.

Please reply at earliest. Thank you very much.
Regards.
C.Kuumar
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
20 September 2014 no. it wont be clubbed.......

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