11 November 2013
Hi, i want to know , whether a HUF (as 1st holder) and an Individual (as 2nd holder) open a joint deposit account in Bank? if yes , what are the tax provisions for such types of accounts - 1)whether full TDS on interest on deposits will credited to HUF 2) whether 50-50 % TDS will credited to HUF and individual or 3) whether full TDS on interest on deposits will credited to Individual. regards.
CAclubindia
