Interest on FDR

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111 Points Posted on 22 March 2011
If FDR is in the name of two person than what is the treatment of interest income in the hand of first holder & second holder of FDR
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On 22 March 2011 at 20:33 Report
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glidor@gmail.com
21068 Points Posted on 22 March 2011

1st holder is entitled to get interest and get taxed also. 2nd holder is just co-partner, nothing related to interest income or tax.

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On 22 March 2011 at 21:47
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Posted on 22 March 2011
Originally posted by : U S Sharma

1st holder is entitled to get interest and get taxed also. 2nd holder is just co-partner, nothing related to interest income or tax.
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On 22 March 2011 at 22:47

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