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Return of minor

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(Querist)
25 June 2009 Any one suggets me , can i file the return of minor. The sources of income is gifted income.
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Guest (Expert)
25 June 2009 Check this link and read point 17.

http://www.incometaxindia.gov.in/PAN/Overview.asp
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
25 June 2009 First of all, there is no restriction of allotment of PAN to a Minor.
PAN can be obtained by a Minor also.
You can file the return of a minor.
But the gift is exempt u/s Sec.56(2), so need to file in that case.
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