Me and my father has invested in Fixed deposit as joint account. (My father is the first applicant and I am the 2nd applicant). But the funds are from my income only.
In this case, how should the income from the FD be accounted? Should it be under my accounts or my father's accounts?
Thank you for the quick reply.
Since my Father is the first applicant. bank deducts TDS under his PAN. Accordingly the TDS reflects in my Father's Form26AS.
How can I transfer this TDS to my PAN and it should reflect in my Form 26AS.
Thank you Ms.Priyanka and Mr.Sameer for your suggestions.
Thank you for the suggestions.
I checked with the bank. SInce my father is the 1st applicant in the FD, the TDS will be deducted from my father's account only. However the soruce of the funds are from me.
Hence is ts possible that while filing the income returns, this income is shown in my accounts only rather than my father's accounts?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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