Minor income

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Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2014 CAN I CLUB MINOR INCOME PARTIALLY WITH THEY MOTHER AND PARTIALLY WITH FATHER

CA Shashank Jain

CA Shashank Jain (Expert)
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20 June 2014 No, income of a minor cannot be clubbed partially to both the parent.
The income of a minor is to be clubbed to the parent who is earning more than the other.

Querist : Anonymous

Querist : Anonymous (Querist)

20 June 2014 SUPPOSE, IF BOTH HAVE SAME INCOME THEN WHAT...

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CA Shashank Jain

CA Shashank Jain (Expert)
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20 June 2014 Then it can be clubbed to any one of them but the full income only.

Rupesh Jain

Rupesh Jain (Expert)
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20 June 2014 you can clubbed income in higher of income of parents. and if equally then in last year you clubbed same in current year parents clubbed.