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Savings Bank interest - deceased

Tax queries 251 views 1 replies

My late father had  2 savings bank account -(A) Either or Survivor (Father + Mother) and (2) Single (nominee- Mother) . After his death in May-2019 , the bank on our application in 1st account removed fathers name , then Mother became primary and me as secondary i.e Either or Survivor in September 2019 . In the 2nd savings account the final amount was paid in August 2019 to mother.

My question is that the savings interest will be accumulated in whose name in both accounts for the respective quarters??This is for IT filing FY 2019-20 for my father.

Replies (1)
Upto sept show interest in fathers income and after sept show in mothers income.


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