If husband has a fixed deposit worth 20L INR under his own PAN, where the interest is paid to his wife's Savings account created under her PAN, who will pay Income Tax on the interest?
Menu
Will husband have any tax liability if his fixed deposits pay interest to wife's savings account?
Replies (3)
Tax liability is of husband as fixed deposit is under his PAN
Tax liability to Husband name and his Income....
endorse Ms. mansi and Mr. raja views
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
