F d (joint account ) got interest 560000
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 April 2015
Dear all,
i am working in a bank
my doubt
wife 58 years and husband 65 years opened a F.D (Joint A/c) in my bank (nationalised) now they got interest 5,60,000
so i divided the interest amount equally to wife and husband
now wife got 2,80,000
husband got 2,80,000
husband already senior citizen so no tds deducted
but wife is liable to deduct tds, so i deducted TDS 28000 (10%) on her portion of amount
is it right or wrong please tell me
because my friend told me to take either wife pan card or husband pan card, TDS should be deducted on total(560000) amount even if it is joint account
please clarify very urgent
i am working in a bank
my doubt
wife 58 years and husband 65 years opened a F.D (Joint A/c) in my bank (nationalised) now they got interest 5,60,000
so i divided the interest amount equally to wife and husband
now wife got 2,80,000
husband got 2,80,000
husband already senior citizen so no tds deducted
but wife is liable to deduct tds, so i deducted TDS 28000 (10%) on her portion of amount
is it right or wrong please tell me
because my friend told me to take either wife pan card or husband pan card, TDS should be deducted on total(560000) amount even if it is joint account
please clarify very urgent
20 April 2015
The treatment given by is absolutely correct.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 April 2015
sorry sir for asking this
which treatment is correct
my treatment or my friend treatment
which treatment is correct
my treatment or my friend treatment
20 April 2015
treatment given by you to deduct tds seperately
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