https://www.taxtmi.com/circulars?id=4658 Where deposits are in joint names, absent definite information about beneficial ownership the payer may treat both joint holders as payees and aggregate the interest on the joint account with the interest payable to one joint holder (preferably the one with higher interest income) to determine whether the aggregate interest exceeds the non-withholding limit and whether tax should be deducted; the section 203 certificate is to be issued in the name with whom aggregation is made and section 199 credit allowed to that person. en-us Tue, 29 May 1979 00:00:00 +0530 Fri, 01 Aug 2008 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4658 Where deposits are in joint names, absent definite information about beneficial ownership the payer may treat both joint holders as payees and aggregate the interest on the joint account with the interest payable to one joint holder (preferably the one with higher interest income) to determine whether the aggregate interest exceeds the non-withholding limit and whether tax should be deducted; the section 203 certificate is to be issued in the name with whom aggregation is made and section 199 credit allowed to that person. Circulars Income Tax Tue, 29 May 1979 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4658