joint account
This query is : Resolved
22 August 2009
sir,
my mother and brother opened the fixed deposit jointly for 5yrs and my brother wants to show this as 80c deduction. and my mother was not taking that amount for 80c deduction.
is it eligible r the joint account cant be shown as 80c deduction.
my mother and brother opened the fixed deposit jointly for 5yrs and my brother wants to show this as 80c deduction. and my mother was not taking that amount for 80c deduction.
is it eligible r the joint account cant be shown as 80c deduction.
22 August 2009
Generally, in case of joint account, the person whose name is appearing first is treated as the main holder of the account. But if you can prove that FD was made out of the income of your brother, then he can claim 80C.
23 August 2009
No for 2nd joint account holder.only for first holder 80 C can be claimed.16A will also be in same way.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
