banner_ad

Taxation on FD

189 views 5 replies
User Avatar

industrial trainee
79 Points Posted on 15 July 2020
respected tax experts
in a situation huband lives abroad permanently and wife is in india
he sends her amount for FD. then how does the interest income will be taxed. please guide.
thanks in advance.
1 Reply Share Follow
On 15 July 2020 at 01:41 Report
Replies (5)
User Avatar

Practising CA
8954 Points Posted on 15 July 2020
Interest income taxable in the hands of the FD holder,generally 1st holder PAN mentioned on FD
30 Reply
On 15 July 2020 at 19:45
User Avatar

721 Points Posted on 15 July 2020
If the fd is in husband's name, interest income will straight away be taxed in his hands.

if it is in wife name, clubbing provisions would be applicable and still taxed in Husband's hands
Reply
On 15 July 2020 at 21:18
User Avatar

industrial trainee
79 Points Posted on 15 July 2020
But husband is taxpayer outside india then still income will be clubbed? and if yes then what would be tax rate
1 Reply
On 15 July 2020 at 21:44
User Avatar

721 Points Posted on 15 July 2020
Yes Indian income would be taxable at normal rates.
Reply
On 15 July 2020 at 22:05
User Avatar

industrial trainee
79 Points Posted on 15 July 2020
But in whose hands as husband is outside tax payer and wife has no other income
1 Reply
On 15 July 2020 at 22:07


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details