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Income tax related
hi
i am salaried person, paying 20000/- (appx) Income tax. I have surplus fund in my bank a/c i want to make FD on my Parents name (by transfering such amt on their a/c/). Is interest earned on such FD will taxable in the hands of my parentsa or clubbed in my income ?
Replies (1)
clubbed in your return...
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