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Recoganition of income of joint fix deposit

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(Querist)
09 April 2012 Dear team,
What will the treatment of income of interest from joint Fix deposit?
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CMA Ashutosh Kumar Gupta

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CMA Ashutosh Kumar Gupta (Expert)
09 April 2012 income is prorated on equal ratio amongst the joint beneficiries unless specifically determinable/quantifiable.

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