This question is asked on the topic of "Either or Survivor" or "Former or Survivor" modes of savings bank accounts:
1.. In case of joint accounts, who is liable to pay tax on income considering both persons have substantial income being credited in the joint account.
2.. If the first owner dies without a will, what happens to the ownership of the money in such account. Does the second holder become the owner of the money?
Jan. 09, 2018