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Fd interest

This query is : Resolved 
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(Querist)
19 May 2012 Respected Sir,
First of all I am very thankful for your past best help me in my problem.

This time i asked about Interest on FD Effect for TAX purpose.
My client has FD and In FD certificate Name of Nominee also attached with him\her spouse can i take Interest income in one of him\her account for calculation in taxable income.

Please Help me to solve this Problem.

Thanks and Regards

ANKIT GOR
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
24 May 2012 The interest shall be taxable in the hands of the holder and not in the hands of the nominee.
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