Clubbing of minor income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2013
sir
Does minor saving account interest income is also clubbed with his parents income ?
thanks & regards
Does minor saving account interest income is also clubbed with his parents income ?
thanks & regards
03 June 2013
Yes it is clubbed but you can take the benefit of exemption u/s 10(32) upto Rs.1500/-
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2013
thanks mam also i want to know that if there is expense like any bank charges paid in minor saving account Does his parents can claim deduction of expense plus deduction U/S 10(32) or only deduction of 10(32) is available & no expenses of minor is allowed as deduction..?
11 June 2013
Deduction cannot be claimed as per my opinion.
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