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fixed deposite
what is the tax effect in when i put fd of name of my father in law fron my saving money in bank???
Replies (7)
clubbing provisions will attract for the interest amount accrued out of fd
i think your father name atteched in your fd
i have saving money n i want to put money as a fixed deposit name of my father of law.
father in law
as posted earlier, no tax implication on FD amount but clubbing provisions will attract on interest amount earned on that FD
Yes...
Interest is taxable...
Interest is taxable...
n what is the accounting entry for money put in fd??
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