Need an advice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2013
My friend has a joint fixed deposit along with her mother.Would like to know if the interest earned from it would be taxable for only for one of them or would get divided equally between both of them??
14 January 2013
TO HAVE PRACTICAL APPROACH CHECK IN WHOSE NAME TDS IS BEING DEDUCTED BY THE BANK, BETTER TO SHOW THE INCOME IN THE NAME OF DEDUCTEE TO CLAIM TDS
TECHNICALLY INTEREST IS TAXABLE IN THE NAME OF PERSON WHOSE MONEY WAS INVESTED IN THE FDR.
TECHNICALLY INTEREST IS TAXABLE IN THE NAME OF PERSON WHOSE MONEY WAS INVESTED IN THE FDR.
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