Int on fd in joint name
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2012
My client has FD in joint name.
Then interest will be considered in whose income for tax purpose.
Then interest will be considered in whose income for tax purpose.
Guest
Guest
(Expert)
20 February 2012
Check FD is shown in balance sheet in which proportion in your client case, prportionately you can break up interest amount.
Also check form 26AS if TDS is deducted.
Also check form 26AS if TDS is deducted.
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