Transfer Funds to Wife and Clubbing Provision

If I am transferring funds to wife's account and she invested it in FD/MF/Shares/Property etc., 

1. What will be the treatment of income generates . Is it will include in my income as per the Income Tax Rules?
2. Is there any difference, if she is an assessee & having her own income from other sources/salary/businees etc  And She  files ITR regularly every year.   In such cases the above income will includes with whom ? Me or her ITR

Kindly advise

Thanks