Interest on joint account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2013
Dear Sir,
I wanted to know what is the tax treatment of interest on joint account with some notification or circular or section supporting that?
Thanks in advance
I wanted to know what is the tax treatment of interest on joint account with some notification or circular or section supporting that?
Thanks in advance
08 August 2013
As such there is no notification or circular dealing with the same. You can opt for any one of the following alternatives:
1. Show the interest income in either of the joint owners.
2. Show the interest income equally in both.
1. Show the interest income in either of the joint owners.
2. Show the interest income equally in both.
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2013
Thank you for replying sir.
08 August 2013
You are welcome. You should use the thanks button to convey your thanks.
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