Clubbing

This query is : Resolved

Report Abuse Follow Query Ask a Query

Bhushit Vasavada

Bhushit Vasavada (Querist)
Follow

07 July 2012 If we are clubbing income of minor in his parents, then can parents claim deduction (80C to 80U)of minor.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

07 July 2012
When parents pay LIP or Medi-Claim, they can claim the deduction irrespective of the fact that the amount has been paid by the parent claiming deduction or paid out of the funds of the minor.
.
In respect of the income clubbed in the hands of a parent, the parent can claim all the allowable deductions in respect to the income clubbed.
.
80U can not be claimed by the parent. In such cases minor is allowed to file a return and the minor only can claim 80U.
.
If you want to ask about any specific deduction, please revert back.
.