Liability to file a return.
This query is : Resolved
19 April 2012
A minor child have received an amount of nearabt 10 lakhs on behalf of his dead father.now the child is alone in this family as his mother have already expired.He is under the custody of a gaurdian and the cheque received is in the name of minor child.
Now who is liable to file return and pay tax on the amount received by the minor.
Now who is liable to file return and pay tax on the amount received by the minor.
21 April 2012
The minor's income, in case both the parents are not alive, cannot be assessed in the hands of grandparent or any other relatives or even in the hands of minor- R.P. Sarathy V. CIT [2006] 5 SOT 732 (Chennai).
Please go through the case law considering your query details for more clarification.
Please go through the case law considering your query details for more clarification.
Message likes :
1 times
21 April 2012
THANK YOU..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Capital gain consideration
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
