You can mention that joint account while filing itr
WHILE FILING ITR IT IS MANDATORY TO MENTION DETAIL OF BANK ACCOUNT
YES YOU CAN SHOW THAT JOINT ACCOUNT IN YOUR ITR
| Originally posted by : Raj Thakkar | ||
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Thank you sir for your reply, in that joint account assesse has second name and her husband has first name, my another question is in whose income saving bank interest income will be shown? | ![]() |
Raj G,
I think Clubbing section will arise there.
It will be clubbed in that holder whose income is more before adding saving bank account interest.
I am not Expert![]()
Seek Expert Advice
@ Dhirajlal Rambhai G
@ Raja P M G
WHETHER THAT INTEREST IS LIABLE FOR TDS
IF YES AND BANK HAS DEDUCTED TDS, THEN IT WILL BE TAXABLE IN THE HAND OF PERSON WHOSE PAN NO. IS GIVEN AT THE TIME OF ACCOUNT OPENING
''Thank you sir for your reply, in that joint account assesse has second name and her husband has first name, my another question is in whose income saving bank interest income will be shown?''
YOU ASK THIS QUESTION THATS WHY I ASK FOR THAT![]()
| Originally posted by : Raj Thakkar | ||
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Rahul G, I am grateful to you for all your reply, I am not questioning your question and I just reply to your question that tds not deducted and asked my question that where it is require to show details of account in the ITR of both the joint holder.. | ![]() |
OK G ![]()
May be joint account or an individual account one should disclose and furnish their account details in ITR
Banks also impose some charges like forfolio charges, cheque book charges, other bank charges etc.,
there is chance to a person to be active customer and he poses the signing authority. so, most of the first person might avail the income and charges along with TDS also so, Bank People also deduct the tax at source on the first person. incase the second person or the joint account holder is a minor then the first person might be charged as per the tax rules.
* Tax rules are very clear that the active member will be responsible and behalf of minor the responsible person should mention and disclose the bank details and income.
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