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?
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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
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