Tax treatment

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2013 one of my client has his physical challange daughter. and he has created one viklang account in her name. now my question is bank interest in her account will be shown in her father return in A.Y. 2012-13? Please ans.
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
22 May 2013 in case the daughter is a minor,as per the clubbung provisons,it will be clubbed with the income of the parent having highr income
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2013 no her daughter is makor but her father is using her account on her behalf as she is in category of viklang parson. pls reply
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 May 2013 not makor..its major.
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CA Pooja Agarwal

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CA Pooja Agarwal (Expert)
22 May 2013 in that case,it should be shown in daughter's return..no clubbing

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