During FY 2023-24 my wife a home maker, opened DMat a/c linked with her PAN and a jointly held bank a/c in which she is second holder with me as the first holder. Since then she is applying for IPOs, got alloted some of them and have sold on listing. She has invested a few lacs of Rs. in secondary market also.
I am also investing in primary and secondary share market since many years and another bank a/c in which I am sole holder is linked with my DMat and PAN. Presently, the joint a/c linked with my wife's PAN is linked with my PAN also as I am the first holder and till now earnings in this a/c were taken into account for mine income tax assessment .
My query is, should she also file ITR now ?
What is correct for us legally and financially ?
Dear experts kindly reply
@Chhote Lal @investormahesh @Tejas Pandya @newgen consultancy @sonal patel