Hi all
We will soon be purchasing a car on my wife's name. However, since I wish to pay the EMIs, we have planned that I would transfer the EMI amount to her account every month. I am paying all the applicable IT on my salary including the part which I will be transferring to my wife's account for EMI. Would getting this amount be a problem to my wife's IT returns? Would it be calculated as her income?
Thanks and regards
CAclubindia
