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Accountability of inetrest earned on FD

Income Tax - Started By: - KASTURI SETHI - Dated:- 3-3-2016 Last Replied Date:- 19-3-2016 - Dear all experts, If I gift one FD of more than Rs.one lakh to my wife, whether interest earned on that FD will be accounted for towards my income or my wife& .....

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RI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, First of all thanks, Sir. As per my C.A. (My business partner) husband is responsible for payment of Income Tax on the amount of interest income of gifted FD. I wanted to have another view for confirmati .....

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