Income tax Query

This query is : Resolved 

29 March 2011 Dear Sir,

I am salaried person. I have a post office interest income of rs
36000/- in A.Y. 2010-11. This account is in joint holding with my wife
and she is also income tax payee. Can we take intereste income 50 +
50 by both or single by first holder only

18 April 2011 Generally, in case of joint holding, income i deemed in the hands of First holder. ie in joint account if your name comes first, then it should be your income.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries