hi all.....
I would like to know.....if the Spouse has a bank deposit and he dies during the continuation of the deposit...will the interest on his FD be taxed on his wife ??????
Plz help
12 Replies
CA Harshit Rastogi
(Chartered Accountant)
(722 Points)
Replied 28 June 2012
Income which accrue after death of spouce will be taxable in the hand of wife....
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 28 June 2012
Yaa it will be taxable in the hands of the wife or will be taxable in the hands of the nominee .....
Raman Aggarwal
(Expert)
(363 Points)
Replied 28 June 2012
ya interest earned after the death of spuse will be taxable in the hands of wife
Sirisha
(Articles CA final student)
(71 Points)
Replied 28 June 2012
Yes such interest will be taxable in hands of nominee, it may or may not be a wife..
mukesh jain
(articles)
(29 Points)
Replied 29 June 2012
tds shall be deducted on only amount of rent. service tax includes only in 194j as per It act.
vikash rathi
(Chartered Accountant)
(787 Points)
Replied 29 June 2012
| Originally posted by : Sirisha | ||
 |
Yes such interest will be taxable in hands of nominee, it may or may not be a wife.. |
 |
Rajendra Prasad
(Asst. Manager - Accounts)
(24 Points)
Replied 29 June 2012
I too agree with sirisha
Shefali Grover
(CA Final)
(67 Points)
Replied 29 June 2012
interest which accrue after the death of the spouse will be taxed in the hands of nominee....
sksrinivas2009
(Asst Manager-Accounts)
(44 Points)
Replied 30 June 2012
Our company have 20 Acres land, we have to give works contract to vendor for land filling what are the taxes applicable? In regular scheme and composition schmes
Pl help me
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