Gift of Fixed Deposits

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..... Gift of Fixed Deposits
Query (Issue) Started By: - Praveen Minocha Dated:- 19-1-2014 Last Reply Date:- 4-12-2015 Income Tax
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Income Tax
Mother has gifted the FDs to his son dur .....

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..... ing 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 matured in next year. These FDs were Senio .....

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..... r 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 claim this Tds which was deducted and de .....

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..... posited 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 MARIAPPAN GOVINDARAJAN: The Reply: If return has .....

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..... already been filed revised return may be filed incorporating these changes and if any tax is excessively paid the same may be got refunded.
Discussion Forum - Knowledge Sharing .....

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