Taxation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 July 2010
Who will declare interest income in case of joint FD??? normally 1st account holder declare interest income but whether we have provision to divide the same in both joint holders?
05 July 2010
There is no provision to divide the interest received jointly. It is to be seen from whose account the cheque was issued for investment in Fixed Deposit. Interest will be deemed to be the income the person who has invested his money in Fixed Deposit.
Generally we issue cheque from the ist holder account to claim Tax if any deducted on the interest recived on such FD.
Generally we issue cheque from the ist holder account to claim Tax if any deducted on the interest recived on such FD.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- TAX AUDIT QUESTION
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
