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MATHEW (PROGRAMMER)     15 June 2017

Joint bank account and tax implication

Dear Sir/Madam,

What are the negetive  tax implications if we keep a joint bank account of husabnd and wife

when both are salried and file IT returns ?

 

 

 



Learning

 2 Replies

Ms.Usha Kapoor (CEO)     15 June 2017

Both of them pay  tax.

Advocate Suneel Moudgil (Advocate)     15 June 2017

both are liable to file ITR if income is taxable but the first holder shall deemed to be owner of the bank account as per IT act.

 


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