I am my wife have a joint NRO account.
Can we split the income earned in this account equally?
In other words, if we get inerest income of Rs 1 lac per year, can we take Rs 50,000
in each of our accounts when filing for income tax returns?
I am my wife have a joint NRO account.
Can we split the income earned in this account equally?
In other words, if we get inerest income of Rs 1 lac per year, can we take Rs 50,000
in each of our accounts when filing for income tax returns?
Thanks for the info.
The amount for the interest was also debited from the same account. Is this good enough to claim 50% interest accrued?
Thanks for the response.
May be I should open another joint account with a different 1st holder
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