TAX on fixed deposit yielding monthly interest

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..... IF a parent deposits an amount in the name of his major child out of his pension in a cooperative bank where no kyc or pan card is attached to the account who will have to pay the tax? the deposit yie .....

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..... lds monthly interest? what will be the case if the deposit is made in joint name of parent and his son who is a major but unemployed? - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Since the child .....

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..... is the major the interest from the deposit is his income. If the deposit is made in joint name of parent and his son, the parent may get income fully and liable for income tax. If it is proportioned .....

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..... , the due for the major child will be his own income. - Reply By Ganeshan Kalyani - The Reply = It will be taxable under Income from Other source in the hands of the major child. - TAX on fixed dep .....

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..... osit yielding monthly interest - Query Started By: - genu nambiar Dated:- 4-12-2016 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal .....

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..... opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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