Interest
Surajit Mondal (94 Points)
10 February 2018
A person has join account and his mother's name is the first name. is there any liability to show its interest in return file ?
1 Replies
Rishi Mehta
(Ur friend )
(1533 Points)
Replied 10 February 2018
In case of joint account interest will be included in the hand of first name shown in passbook.
Interest income will be shown under the head Income from other source.
Interest income will be shown under the head Income from other source.
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