If a monthly income scheme of post office is in joint name of 2 individuals, then can the interest on mis can be equally divided between the 2 joint holder for calculating the taxable income?
29 July 2013
Thanks for responding sir, but doing so will it be right if the investment in po-mis is done from money of only first holder. In that case that case the total interest income on po-mis should not be charged under income of first holder who invested all the money.?
CAclubindia
