Income of minor child

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 June 2012 Kindly explain taxability of Income of minor child earned by his own skill?

05 June 2012 Income earned by a minor from the use of his own skills is taxable in the hands of the minor only.

05 June 2012 Any income Earned by the minor child for their skills is taxable at their hand. Or other sources of income like Gift, interest is taxable at their guardians total income


05 June 2012 Any income Earned by the minor child for their skills is taxable at their hand. Or other sources of income like Gift, interest is taxable at their guardians total income

05 June 2012 Any income Earned by the minor child for their skills is taxable at their hand. Or other sources of income like Gift, interest is taxable at their guardians total income

05 June 2012 yes income earned by minor child his skill will be added his income.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries