banner_ad

Tax liabillty of joint a/c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 April 2013 Dear all,

Presently, I am not working. My husband transfer some savings monthly from his salary a/c to our Joint A/c in which I am the first party and my husband is the second party. From joint a/c FD is taken in name of my husband and TDS is deducted by Bank.

Firstly, I want to know it can be done or not ??

Secondly, in whose ITR savings bank interest and FD interest will be shown.

Thanks
Profile Image

Dintakurthi Tirumala

Profile Image

Dintakurthi Tirumala (Expert)
06 April 2013 Yes, you can do like that. And interest shall be taxable in the hands of husband because of sources of investment to earn income met by the husband so it is taxable in the hands of husband.

OM SAI SRI SAI JAI JAI SAI
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details