Tax Exemption Eligibility on FD in the name of minor

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  1. PriyaLaddha

    PriyaLaddha New Member

    Hi,
    I want to know, do I need to pay tax on interest earned on FD in the name of my kid ?
    If yes, will it be taxable to guardian ?
    Thanks
     
  2. Manoj Mehra

    Manoj Mehra Active Member

    The interest income will be taxed in the hands of the guardian
     
  3. PriyaLaddha

    PriyaLaddha New Member

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