POSTED BY May 28, 2013 2:24 pm COMMENTS (7)ON
I am a teen and my mother a housewife. My grandfather was senior citizen and passed away recently of cancer. He had fds worth apprx 20 lacs with us as nominees. If those fd are in our name do we have to pay IT. We have no other income as of now.
How do we split the FD so we are not taxed?