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...
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...
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.
CAclubindia
