Tax Exemption Eligibility on FD in the name of minor

Share
Share This Thread
  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

Draft saved Draft deleted
Loading...