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Interest post office rd

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2015 If two person opened a account in family
daughter and mother than which person will
consider the interest income in there books
any one of them or Ist holder of a/c
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
23 April 2015 usually 1st holder is recommended...
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Sunil

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Sunil (Expert)
23 April 2015 Interest on any type of deposits or any income even taxable dividend where there is joint holding as EITHER OR SURVIVOR or FORMER OR SURVIVOR is included in first holder's name. Situation changes only if first holder is a minor where the income is included in hands of parent whose income is higher even if parent is not joint holder.
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