Fd for joint account
This query is : Open
Kollipara Sundaraiah
(Querist)
26 July 2020
Assess fixed deposit rs.15 lacs in bank.1st name Assess and 2nd name wife joint account.
Question:
Fd investment and Interest received treated in I.t. act.
Question:
Fd investment and Interest received treated in I.t. act.
CA Raj Doshi
(Expert)
26 July 2020
The Interest income will be offered to tax by the 1st holder entirely. Also Any TDS credit shall be claimed by the 1st holder.
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