my dad(ACCOUNT HOLDER) nd mom(JOINT ACC. HOLDER) have joint scss amount of 15lakh in pnb bank if i open separate scss on my mom's name..will the taxable limit consider both ealier and later acc. on my mom's behalf as she is only joint acc. holder in earlier acc.
https://economictimes.indiatimes.com/wealth/inv...
SCSS accounts can be opened jointly with the spouse. The age of the first or primary account holder is considered for the age limit. No age limit is applicable for the second applicant. The amount to the credit of the SCSS account is attributable only to the first account holder.
kipte.khoka wrote:sharing is not possible?
Only The Primary holder
Watcher wrote:Please read point 16 in this link. Hope it helpsWhat's the case for tax liabilities of Joint Holding Normal Bank FD ? Both Holders have to pay tax or only primary holder has to pay tax on interest?
rn09 wrote:
Please read point 16 in this link. Hope it helps
https://incometaxindia.gov.in/Communications/Ci...
Income tax dept. ka motto. Never simplify things... Keep the tax payer guessing.
Ramta_Jogi wrote:Rightly said. Btw check PM.Income tax dept. ka motto. Never simplify things... Keep the tax payer guessing.
