23 April 2015
If two person opened a account in family daughter and mother than which person will consider the interest income in there books any one of them or Ist holder of a/c
23 April 2015
Interest on any type of deposits or any income even taxable dividend where there is joint holding as EITHER OR SURVIVOR or FORMER OR SURVIVOR is included in first holder's name. Situation changes only if first holder is a minor where the income is included in hands of parent whose income is higher even if parent is not joint holder.
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