Hi,
i want to know , whether a HUF (as 1st holder) and an Individual (as 2nd holder) open a joint deposit account in Bank?
if yes , what are the tax provisions for such types of accounts -
1)whether full TDS on interest on deposits will credited to HUF
2) whether 50-50 % TDS will credited to HUF and individual or
3) whether full TDS on interest on deposits will credited to Individual.
regards.
CAclubindia
