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fixed deposite

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CA
130 Points Posted on 23 October 2017
what is the tax effect in when i put fd of name of my father in law fron my saving money in bank???
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On 23 October 2017 at 08:16 Report
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12244 Points Posted on 23 October 2017
clubbing provisions will attract for the interest amount accrued out of fd
35 Reply
On 23 October 2017 at 09:37
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2 Points Posted on 23 October 2017
i think your father name atteched in your fd
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On 23 October 2017 at 11:57
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CA
130 Points Posted on 23 October 2017
i have saving money n i want to put money as a fixed deposit name of my father of law.
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On 23 October 2017 at 12:13
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130 Points Posted on 23 October 2017
father in law
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On 23 October 2017 at 12:14
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12244 Points Posted on 23 October 2017
as posted earlier, no tax implication on FD amount but clubbing provisions will attract on interest amount earned on that FD
35 Reply
On 23 October 2017 at 23:57
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"Do the Right Thing...!!!"
128147 Points Posted on 24 October 2017
Yes...
Interest is taxable...
463 Reply
On 24 October 2017 at 07:39
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CA
130 Points Posted on 24 October 2017
n what is the accounting entry for money put in fd??
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On 24 October 2017 at 07:43


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