Comment on Tradetax for income tax returns when trading
commented on
22 Jul 2017, 11:22 PM
Sir,
My wife invest in market on my behalf in her trading account. She also trade in F&O. She has made a loss of Rs 150000/- in F&O. But his long term gain is Rs 300000/- and short term gain is Rs 100000/-.
Is this transaction should be shown in my income tax filing after paying tax since it is my money she is investing or she should file a separate return.
Some persons say that it should be clubbed with husband’s income as per the income tax law since the wife has no other income and basically she is investing on my behalf.