Hai friends,
My father transferred a certain amount to my bank account as FD. Whether d interest received on such fd would b taxable in my fathers hand ? I have no other income. pls do reply.
Sunshine
(Helping All)
(10575 Points)
Replied 02 August 2011
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor 
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 02 August 2011
interest is taxable in ur hands only...........
Mukesh Kumar Singh
(CA-FINAL)
(4094 Points)
Replied 03 August 2011
| Originally posted by : Sunshine... | ||
 |
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor |
 |
Agreed......................................................
Ram Thakkar
(CA final )
(126 Points)
Replied 03 August 2011
| Originally posted by : Sunshine... | ||
|
|
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor |
|
C.A. Parin Poojara
(Chartered Accountant)
(90 Points)
Replied 03 August 2011
yeah ofcourse it should be clubed.
CAclubindia
