salary query

This query is : Resolved 

30 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

03 August 2011 IF YOU BOTH ARE INVESTING IN SAME ACCOUNT AND YOU BOTH HAVE PROOF OF YOUR INVESTMENT, YOU CAN TAKE INTEREST INCOME IN CONSIDERATION ON THE BASIS OF PRORATA AS PER ON YOUR INDIVIDUAL INVESTMENT.

HOWEVER, IF YOU DO NOT HAVE PROOF OF INDIVIDUAL INVESTMENT, CLUBBING PROVISION MAY COME IN EFFECT.



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