18 August 2014
My brother aged 16 have FB account which will going to be mature after 2 months with the amount of rs 150000/- after TDS. He has no other incomes. In this case can he apply for refund being a minor, if not what is the solution?please let me know experts.
18 August 2014
His grandfather has gifted the money, though he (your brother) has legal right, any income from such money is considered the income of grandfather.
apply for PAN and give the PAN details to bank, if he do not have PAN, bank will deduct 20% tds.
18 August 2014
His grandfather has gifted the money, though he (your brother) has legal right, any income from such money is considered the income of grandfather.
apply for PAN and give the PAN details to bank, if he do not have PAN, bank will deduct 20% tds.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 August 2014
can minor file ITR?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 August 2014
Sir,How it could be gift?because he has the right on that land.Grand father sold the land and deposited his(Brother) share as FD.