When A Wife Can Not Be Taxed For Her Earning?

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I am a resident Indian, housewife, not employed. For FY 2007-08, I received an amount more than Rs.1,45,000 from my husband, who is an NRI, as gift through regular banking channels, all of which I have invested in shares. I have sold off some of these for a net profit of around Rs.550/-(before 1 year…

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