Need an advice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2013
My friend has a joint fixed deposit along with her mother.Would like to know if the interest earned from it would be taxable for only for one of them or would get divided equally between both of them??
14 January 2013
TO HAVE PRACTICAL APPROACH CHECK IN WHOSE NAME TDS IS BEING DEDUCTED BY THE BANK, BETTER TO SHOW THE INCOME IN THE NAME OF DEDUCTEE TO CLAIM TDS
TECHNICALLY INTEREST IS TAXABLE IN THE NAME OF PERSON WHOSE MONEY WAS INVESTED IN THE FDR.
TECHNICALLY INTEREST IS TAXABLE IN THE NAME OF PERSON WHOSE MONEY WAS INVESTED IN THE FDR.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- 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 ?
Trending Online Classes
CAclubindia
