Distribution of interest income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2015
My client an individual is working in a Pvt. Ltd. Co.
His wife is providing consulting services i.e. both are
tax payers.
My client asked me that they have a account in bank
in joint names i.e. in name of husband & wife.
They are expected to received interest of Rs. 25000/-
in financial year 2014-15.
Query is:
How this interest income will be distributed among them
for purpose of showing in Income tax return.
His wife is providing consulting services i.e. both are
tax payers.
My client asked me that they have a account in bank
in joint names i.e. in name of husband & wife.
They are expected to received interest of Rs. 25000/-
in financial year 2014-15.
Query is:
How this interest income will be distributed among them
for purpose of showing in Income tax return.
26 February 2015
usually the first joint holder shall be taxed and must declare full income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- ESI Contribution after implementing COSS
- Cash deposited to salary account from gold loan account
- Can huf give gift to karta or kartas wife and son
- Cg on ancestral property sale distribution
- TDS deduction liability ?
- FY 24-25 Invoice Booked in FY 25-26 & ITC Claimed in FY 25-26
- Assessment Procedure Us 147
- Outward HSN details in Table 17 - unable to enter more than 6 HSN codes - Reg.
- Who is obliged to pay
- GSTR - 9 Input Tax Credit
- Negative liability in GSTR-3B
- Query on applicability of Small Company, CARO & IFC
- Articlehsip_temination
- Hsn for gst 9 purchases
- Salary journal entry
- ASSOCIATES & JOINT VENTURE NET WORTH ATTRIBUTABLE TO SHAREHOLDING AS PER LATEST AUDITED BALANCE SHE
- Design work
- Update Section 80G in ITR U
- ANNUAL RETUTN
Trending Online Classes
-
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
CA Bhanwar Borana & CA Aakash Kandoi
CAclubindia
