Minor child

This query is : Resolved

manish (Querist)
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10 May 2013 sir, there is an exception that if minor earns any income through his talent or skill then it is not taxable in the hands of parents then in whose hands it will be taxable

Guest

Guest (Expert)

11 May 2013 The minor will be taxable for all incomes earned through his talent or skill.
Any other income other than the income earned through his talent or skill shall be clubbed in the hands of either of his parents.

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CA VISHNU GAVKARE

CA VISHNU GAVKARE (Expert)
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11 May 2013 Minor will be taxed but any of the parent will be representative assessee as minor can not be assessed.

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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25 June 2013 The best example is child artists in Cinema and serials. As they are working and earning for themselves the income is taxable in their hands but they are represented by their parents for signatures.