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Tag: ITR filing tips
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How to Avoid Income Tax Notices on Savings Account Interest in India
Interest earned on savings accounts is taxable under Indian income tax laws, but many account holders are unaware of provisions that can help reduce or avoid tax liabilities. Understanding these rules is essential to avoid income tax notices, ensure compliance, and make the most of available deductions. In this blog, we cover everything you need…
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ITR Filing in India: How is Interest Earned on a Joint Account Taxed?
When it comes to income tax filing, one area that often creates confusion is interest earned on joint bank accounts. Many families in India open joint accounts for convenience, but the question arises — who pays the tax on the interest earned? Let’s break this down as per current Indian tax rules. 1. Who is…