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