Minor's income
Querist : Anonymous
Querist : Anonymous
A minor need not file returns as the income is clubbed. But in following cases the filing is compulsory:
If the income is from manual labour or through talent or specified knowledge.
If the minor is covered by any of the following even the income is nil and clubbed with parents:
Owns immovable property.
Owns vehicle.
Has incurred expenditure on foreign travel.
Is a member of a club.
Can you explain this to me.Minor own's immovable property-
This article is from Indiamart Finance.Is this correct?if it is, then minor files as individual.
Click here to login now
Similar Resolved Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
