Agricultural income of minor child
This query is : Resolved
28 July 2008
agricultural income of minor child is 500000/-.which has to be included in his parents income under sec 64 of I T Act.does this income is comes under like agricultural income in the hands of individual (will the provissions of agricultural income applied)
28 July 2008
Yes .This is exempt in the hands of parents . but it will be added for aggregation of income .
28 July 2008
Yes
30 July 2008
Thank u very much
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