Fd regarding

if father gave the money from saving account for daughter fd then what is the entry we make in father saving account and also what us the treatment for itr father return
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Quick Summary
This discussion clarifies the accounting entries required when a father transfers funds from his savings account to open an FD for his daughter. It also addresses the tax treatment for the father's Income Tax Return (ITR), specifically noting that the interest earned on the FD should be clubbed with the father's income under 'income from other sources'.

The interest on fd should be clubbed with father's income.. show it under income from other sources
Ok sir thanks
Your welcome

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