Hai friends,
My father transferred a certain amount to my bank account as FD. Whether d interest received on such fd would b taxable in my fathers hand ? I have no other income. pls do reply.
5 Replies
Sunshine
(Helping All)
(10575 Points)
Replied 02 August 2011
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor 
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 02 August 2011
interest is taxable in ur hands only...........
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 03 August 2011
| Originally posted by : Sunshine... | ||
 |
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor |
 |
Agreed......................................................
Ram Thakkar
(CA final )
(126 Points)
Replied 03 August 2011
| Originally posted by : Sunshine... | ||
|
|
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor |
|
C.A. Parin Poojara
(Chartered Accountant)
(90 Points)
Replied 03 August 2011
yeah ofcourse it should be clubed.
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