Gift of Fixed Deposits

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..... Mother has gifted the FDs to his son during the year through Gift deed on plain paper. Accordingly Son included the FD Income in his Total Income and paid advance tax accordingly.These FDs will get ma .....

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..... tured in next year. These FDs were Senior Citizen FD held jointly In name of Mother and Son. Mother Name First and Sons name second. Accordingly Bank deducted Tds against mothers PAN. Now how can Son .....

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..... claim this Tds which was deducted and deposited in mothers PAN while the income is considered by Son in his Return. Is there any better way of entering into the above transaction?? - Reply By MARIAPP .....

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..... AN GOVINDARAJAN - The Reply = If return has already been filed revised return may be filed incorporating these changes and if any tax is excessively paid the same may be got refunded. - Gift of Fixe .....

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..... d Deposits - Query Started By: - Praveen Minocha Dated:- 19-1-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manage .....

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..... ment India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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