ET Wealth Reader's Query: I gifted my wife Rs 10 lakh, which she will report as “exempt income” in her ITR. If she invests this amount in an FD, the interest earned will be clubbed with my income and shown in my ITR. How should she report this in her return to ensure the interest isn’t taxed twice in both our ITRs?
from Tax-Wealth-Economic Times https://ift.tt/ZItOefJ
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