POSTED BY November 1, 2011 10:15 pm COMMENTS (4)ON
My mother is a housewife, she has an SBI account and she dont have any other source of income.
I am planning to transfer some amount of my income to her account & open a Fixed Deposit (online FD -e-TDR/e-STDR) , and then submit Form 15G to avoid TDS .Is this legal? Do I need to show the interest amount in my IT returns & pay tax according to my tax bracket ?
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