Tax Treatment of interest in joint account

In the hands of the first holder normally

It depends upon in whose books u r showing that account...

You can even declare  50% interest income in wife's I. tax return.

this is depends upon deposits made by them.

Originally posted by : Vaishali Bopardikar
	It depends upon in whose books u r showing that account... You can even declare  50% interest income in wife's I. tax return.

Agree with Vaishali..however, generally the account is shown in the books of primary holder or the one who is transacting through the account as generally the joint account is opened only for convenience sake..

Lets say if 1L is deposited on name of second holder then second holder can show that income in his/her return?