I have filed my wife's return first time.

Question

I have filed my wife's tax return for the first time, as she has no income. The only asset in her name is a property, which I have now declared under 'Assets' in the Wealth Statement and also under 'Capital Assets'. Previously, I had shown this property under 'Other Assets' in my own return. Since I am now submitting her return separately, do I still need to mention this property in my return as an asset held in spouse’s name?

Thanks is advance.

Answer 1

No, you should remove any of your wife's assets declared in your returns from your own, and mention them inside her own tax-returns.