Hai friends,
My father transferred a certain amount to my bank account as FD. Whether d interest received on such fd would b taxable in my fathers hand ? I have no other income. pls do reply.
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Interest on fd
Replies (5)
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor 
interest is taxable in ur hands only...........
| Originally posted by : Sunshine... | ||
 |
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor |
 |
Agreed......................................................
| Originally posted by : Sunshine... | ||
|
|
No...provisions of clubbing won't be applicable here..it would be taxable in your hands only assuming u are not a minor |
|
yeah ofcourse it should be clubed.
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