Tax benefit on RD and 5 yr deposit which is on my wife name

POSTED BY Hemant Bhargava ON February 23, 2015 5:17 pm COMMENTS (2)

I have two questions.

Question number 1:
– Can’t I claim tax benefit on 5-year tax saver FD which is on the name on my wife?

Question number 2:
– Can I claim tax benefit on 1 year RD? That too is on my wife’s name.

2 replies on this article “Tax benefit on RD and 5 yr deposit which is on my wife name”

  1. Hemanth says:

    first of all RD is taxable, so whether it is your name or your wife’s name, tax has be paid.

  2. The answer to both questions are NO .

    Manish

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