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Interest on FDR
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
Replies (2)
1st holder is entitled to get interest and get taxed also. 2nd holder is just co-partner, nothing related to interest income or tax.
| Originally posted by : U S Sharma | ||
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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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