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Taxability of interest on joint account fd

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(Querist)
30 April 2015 Interest on Joint account FD
will be chargeable to tax and I am confused in whose return should I disclose this income?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
30 April 2015 In the name of the first depositor, generally banks deduct TDS and accordingly you may show the income.
.
In case funds are jointly invested, the amount invested by (an)other depositors can be treated as the loan taken by the depositor in whose name TDS has been deducted by the bank.
.
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