Clubbing of income of minor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 November 2012
The minor has earned income from his skill say advertising. The inocme is seperately charged in the hands of the minor. But in the subsequent year it is invested in Fixed deposit. The interet income earned out of the above FD invested out of the income earned from Skill will be clubbed with the income of the parents or will it be charged in the hands of the minor along with the income earned from his skill
Gayathri Devi
(Expert)
14 November 2012
It should be clubbed in the hands of his parents.
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