https://www.taxtmi.com/acts?id=6640 The Bank Term Deposit Scheme, 2006 recognises two deposit types: single holder deposits (issuable to an individual or the Karta of an HUF) and joint holder deposits (issuable to two adults or an adult and a minor, payable to either or the survivor). For joint deposits, the Scheme limits income-tax deduction entitlement to the first-named holder, defining who may claim the tax deduction for the deposit. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 04 Mar 2009 12:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6640 The Bank Term Deposit Scheme, 2006 recognises two deposit types: single holder deposits (issuable to an individual or the Karta of an HUF) and joint holder deposits (issuable to two adults or an adult and a minor, payable to either or the survivor). For joint deposits, the Scheme limits income-tax deduction entitlement to the first-named holder, defining who may claim the tax deduction for the deposit. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6640