Income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2017 If there is a joint account of fixed deposit, in the name of husband and wife.

As per Income tax , in whose Income Tax File i.e. husband or wife ,
the above Fixed Deposit require to show.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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21 June 2017 First named person

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Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2017 Mam , whether first name person apply in case of brothers also.

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2017 Mam ,
whether first name person apply in case of brothers also.

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2017 Mam,
In joint account, whether we cannot show investment by dividing investment in equal portion for joint account holders

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 June 2017 The right way to show is in the name of the person who deposited the funds.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2017 Sir,
whether same treatment will apply for persons having joint savings bank account.
If not kindly explain the treatment for joint savings bank account holders.

Querist : Anonymous

Querist : Anonymous (Querist)

22 June 2017 Sir,
whether the same treatment will apply for persons having joint savings bank account.
If not kindly explain the treatment for joint savings bank account holders.

Studentsca

Studentsca (Expert)
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22 June 2017 Agreed with Seetharaman sir , if investment done with husband's funds in name of wife, clubbing provisions will be applicable.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 June 2017 Same treatment applicable to savings ac also.

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