My client Mr.X deposited his income as FD on his wife name. TDS was deducted on his wife name on her PAN. I wish to know whether clubbing provision is applicable and to consider the TDS on Whose name. Its Urgent ya...
anu rohini (student) (28 Points)
25 July 2012My client Mr.X deposited his income as FD on his wife name. TDS was deducted on his wife name on her PAN. I wish to know whether clubbing provision is applicable and to consider the TDS on Whose name. Its Urgent ya...
Archana Das
(CA Final student)
(622 Points)
Replied 25 July 2012
If his wife is not working then clubbing provisions will apply however if he submits form 15G/H to the bank concerned then TDS will not be deducted.