Fixed deposit
This query is : Resolved
11 December 2015
RESPECTED SIR,
A WAS HAVING A FDR OF RS. 20.00 LACS IN HIS OWN NAME. A EXPIRED ON 01.04.2015 THE DATE OF MATURITY OF FDR IS 20.11.2020 A'S WIFE B IS NOMINEE IN THAT FDR.
SIR IN THIS REGARD MY THREE DOUBT ARE AS UNDER;
1. WHAT IS THE LEGAL STATUS IN THIS SITUATION
2.THE BANK WILL DEDUCT TDS ON MR A'S PAN
3. HOW THE INCOME TAX RETURN FOR THE F.Y 2015-16 WILL BE FILED AND WHO WILL FILE AND HOW THE TDS DEDUCTED BY BANK WILL BE CLAIMED IN RETURN OF INCOME ?
WITH REGARDS
A WAS HAVING A FDR OF RS. 20.00 LACS IN HIS OWN NAME. A EXPIRED ON 01.04.2015 THE DATE OF MATURITY OF FDR IS 20.11.2020 A'S WIFE B IS NOMINEE IN THAT FDR.
SIR IN THIS REGARD MY THREE DOUBT ARE AS UNDER;
1. WHAT IS THE LEGAL STATUS IN THIS SITUATION
2.THE BANK WILL DEDUCT TDS ON MR A'S PAN
3. HOW THE INCOME TAX RETURN FOR THE F.Y 2015-16 WILL BE FILED AND WHO WILL FILE AND HOW THE TDS DEDUCTED BY BANK WILL BE CLAIMED IN RETURN OF INCOME ?
WITH REGARDS
11 December 2015
1 Produce death certificate to the bank and transfer the FD in the name of wife.
2 On transfer the bank will deduct TDS in wife's PAN.
3 ITR will be filed in the name of wife to claim refund.
2 On transfer the bank will deduct TDS in wife's PAN.
3 ITR will be filed in the name of wife to claim refund.
11 December 2015
SIR,
IF WIFE B WILL TAKE PREMATURE PAYMENT THERE WILL BE HEAVY LOSS OF INTEREST.
SIR,IS IT POSSIBLE FOR WIFE TO FILE RETURN OF INCOME AS "DECEASED A" TILL THE FDR MATURES IN THE YEAR 2020
IF WIFE B WILL TAKE PREMATURE PAYMENT THERE WILL BE HEAVY LOSS OF INTEREST.
SIR,IS IT POSSIBLE FOR WIFE TO FILE RETURN OF INCOME AS "DECEASED A" TILL THE FDR MATURES IN THE YEAR 2020
12 December 2015
No premature payment it is only change of FD in the name of nominee. Make request to the bankers in view of death deduct TDS in wife's PAN.
After death it is only the income of the wife.
After death it is only the income of the wife.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
