Interest income on fixed deposits.

Interest Income earned from fixed deposits is more than Rs 10000. But fixed deposit is opened in joint name, to whom the amt will be taxable-the first name in the FD receipt or to the both the parties. Also can the tds on this interest income be viewed in the 26 AS of the tax payer.
Replies (2)

Wld be taxable in the hands of person who has invested the same amount  i.e from whose account amount is withdrawn & deposited in fd.

TDS credi ts can be viewed on- line   in 26AS

 Thanks,

Badrappa,

Smilax

 

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