FDR MATURITY AND TAXABILITY
This query is : Resolved
13 April 2016
If fdr made with joint holder than is it possible to withdraw by second holder the time mature . For saving the tax burden.
13 April 2016
First holder has to claim maturity value income. Sometimes joint deposit is for safety purpose not for tax saving but if second holder has invested then second holder can take fds maturity amount in his/her pocket for computation of income tax
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