I want to know that my friend filling his son’s itr in resident status. His sons income is below rs.75000/- in india only interest income fdr, mis post office, nsc, kvp & ppf etc. My friends also invested in his son’s name mis in post office, nsc & kvp in joint name with his mother & brother. His son left india as, on sep.2012, his sons bank a/c’s are in 2 nd holder. Earning interest on fixed deposit. Now I told my friend to fill his son’s itr in nri category from f.Y 2019-20. He has also opened ppf a/c in post office also. Kindly advice me to tell my friend about query received by your good self in this regards.
Sir, I think your legal advice is to the point without any money motive from his followers.
Based on the given information, your friend’s son’s Residential Status is NRI.
He can file ITR as NRI.
Regarding Joint deposits, kindly check the TDS statements (Form 26AS), in whose name the Bank(s) are crediting the interest and deducting TDS (if any).
Generally, the primary account holders disclose the interest income in ITR.
Kindly read :