Interest income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2013
My client is having a joint account with his wife who passed away 6 months back.I wanted to confirm that the interest earned on the F.D.& S.B.account belonging to his wife is taxable in his hands or not.
CA PARAS BAFNA
(Expert)
16 February 2013
Income can be shown by the husband from the date (of death of wife) in his return. It is assumed that no other perso or child of her has got right over the FD and SB A/c Balance.
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