Clubbing of Minor's income u/s-64(1A)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 February 2011 Is sponsorship given by a company to minor for playing cricket clubbed in hands of parents income or not?

And sponsorship is income or not?

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
Follow

15 February 2011 All income whih is earned by the mionor shall be clubbed in the income of his/her parent. However, the income derived by the minor from natural work or from any activity involving his talent or specified knowledge will not be included in the income of the Parent.

No included