Dear All,
In respect of a Bank A/c - Joint Holders,
(a) who will be taxable - Joint Holder 1 or 2 or both?
(b) who will get deduction u/s 80TTA - Interst on Savings Bank A/c - Joint Holder 1, 2 or both?
Thank You in Advance
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Bank a/c - joint holders
Replies (4)
1. Unless TDS deducted, anyone who invested the capital can claim the interest, but TDS gets deducted in first name, so always better to keep investor as first or sole holder.
2. First holder
thank u rishi for ur advice
is there any benefit for joint a/c in bank?
is there any benefit for joint a/c in bank?
There are many advantages to sharing an account with your partner. For one, it makes it much easier to pay joint bills - saving you the hassle of sending money to each other. It can also make it easier to keep track of your joint monthly spending. On the other hand, some people prefer to keep their finances private.
thank u rakesh for ur advice and timely help
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