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00:29If you have to open a bank account, then the bank will give a tax deducted at source to the person's bank, which is a primary account holder, whether you have a real deposit.
00:42But the tax law says that the interest income is taxable to the person who has gained.
00:50If you have gained, but the interest is not in your name, then the tax should be added.
00:57If both holders have gained money, then the default split will be 50-50.
01:03But if you have documents that you have more than that, then the tax will be added.
01:11Court cases also supported.
01:14Now, one more tricky tax claim is rule 114E2.
01:18This means that high-value financial transactions, such as FD or mutual funds, are both joint holders.
01:30If you are oficial, a bank must make money that they have given money.
01:31If you want to move on a bank, this makes a mistake, the non-wanted tax notices.
01:37If you have a bank notification, which is the only one who has made money.
01:43It is an official owner who has paid money.
01:45If you are interested, whether it be a 50-50 or a contribution based split,
01:51it is based on that.
01:53Look at AIS or Form 26AS.
01:57If there is a wrong entry,
01:59then the feedback or correction will be quick.
02:01Now, look at a case.
02:03When a FD interest is paid in the account,
02:07there will be a case of AIS,
02:09even if there is no need for it.
02:13There is a case of AIS.
02:15If there is a case of AIS,
02:17it will not be taxable for me.
02:19You need to give feedback.
02:21It will be saved from the future.
02:25If you have a wife's name,
02:27but if the money is gone,
02:29there will be clubbing rules.
02:31It means that interest will be your income,
02:35or tax will be your answer.
02:37And for these skilled personal finance topics,
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02:45Good returns!
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