STCG and LTCG if other incomes are zero

[100rabh]

My wife has no income and as such her tax liability is NIL. If she opens a Demat account from her PAN card and invests (or trades) the money provided by me. Will she have any tax liability in case her profits are less than the basic exemption of 2.5lakh?

[a13989]

Husband gives money for trading and wife does trading in her name. who shuld pay tax in this case?

@Quicko I have doubt about this scenario. Say husband gives money to his wife(homemaker) for personal expense. Wife spends 10% in expenditure does trading on rest of this money(short term delivery gain, intraday equity trading, F&O) Wife earns some profit. In this case husband didn’t invest money in wife’s name directly. Wife has her own trading account with her PAN and she does this like hobby on her own. So in this case who should pay tax on gains. husband or wife? Can it come under income…

[a13989]

Clubbing of Income as per Section of Income Tax Act - Learn by Quicko

[a13989]

ITAT explains Provisions of Clubbing of Income of Wife with Husband