POSTED BY March 14, 2013 12:03 pm COMMENTS (2)ON
If I have an Fixed Deposit with 2 names (joint), and get the interest deposited to a saving account again with the same 2 names. How is the tax calculation? Can just one member of the joint account declare the entire amount? Just trying to see if one name is of a parent (with no direct income), can this be used to save tax on the FD interest.