Dear Members I have a tax query. I have invested some funds in bank FD in my wife's name and some funds in my name. And so far, I am clubbing her interest in my return as a clubbing of income.
Now last year she got a job & so form 16 from employer.
What to do about her FD interest income?
should i clubbed in my return or in her return?
My query is, will my wife's interest income clubbed to my income? What if i file separate return for my wife and myself, will it still be clubbed? Note that the money invested (FD) is earned by husband and not wife. I appreciate your expert opinion. Regards
CAclubindia
