Dear Sir,
I have attained NRI status and want to close my resident account in India. I am planning to transfer the fund from my resident account to my wife's saving account (my wife is a resident Indian) before closing this account. My wife is a working professional filing her tax returns. My question is, whether the interest she earns from my transferred fund to her bank account will be taxed to her or will be clubbed with my income. Presently she is having higher taxable income in India than me.