Whether Husband is Entitled To TDS Credit On Interest Earned From Amount Gifted To His Wife?

[Educator]

A careful perusal of sub-rule (2) indicates that where theincome, on which tax has been deducted at source, is assessable in the hands of a person other than deductee, then credit for theproportionate tax deducted at source shall be given to such otherperson and not the deductee. The proviso to sub-rule (2) providesfor deductee filing a declaration with the deductor givingparticulars of the other