Clubbing of income
Querist : Anonymous
a minor earn a income of rs 100000 by applying his skills and than he invested the same into debentures of a company. he earns interest of rs 15000 on invested in a debenture. whether this interest income of rs 15000 would be clubbed in the hands of a parents or not.
Querist : Anonymous
Querist : Anonymous
All the income earned ( not using his skills ) and income on investment ( whther investment made out of the income earned by using his skills or without using his skills ) by the minor will be clubbed with the income of parents whose total income higher (excluding this income)
Querist : Anonymous
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