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Huf and individual joint account

Tax queries 436 views 1 replies

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.

Replies (1)

No you can't open a joint between an entity and a individual. Not possible,


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