https://www.taxtmi.com/forum/issue?id=110900 Interest on fixed deposits in a child's name is treated as parents' income until the child attains majority; banks deduct TDS on interest as it accrues and attribute TDS to the parents' PAN while the child is minor, and after majority subsequent interest and TDS are attributable to the child's PAN. Transfers from parents to children may be shown as gifts and are not taxable in the recipient's hands. en-us Sat, 10 Sep 2016 18:16:48 +0530 Thu, 23 Jan 2025 15:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110900 Interest on fixed deposits in a child's name is treated as parents' income until the child attains majority; banks deduct TDS on interest as it accrues and attribute TDS to the parents' PAN while the child is minor, and after majority subsequent interest and TDS are attributable to the child's PAN. Transfers from parents to children may be shown as gifts and are not taxable in the recipient's hands. Discussion-Forum Income Tax Sat, 10 Sep 2016 18:16:48 +0530 https://www.taxtmi.com/forum/issue?id=110900