POSTED BY February 23, 2015 5:17 pm COMMENTS (2)
ONI 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.
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first of all RD is taxable, so whether it is your name or your wife’s name, tax has be paid.
The answer to both questions are NO .
Manish