Return of minor
This query is : Resolved
25 June 2009
Any one suggets me , can i file the return of minor. The sources of income is gifted income.
Guest
Guest
(Expert)
25 June 2009
Check this link and read point 17.
http://www.incometaxindia.gov.in/PAN/Overview.asp
http://www.incometaxindia.gov.in/PAN/Overview.asp
25 June 2009
First of all, there is no restriction of allotment of PAN to a Minor.
PAN can be obtained by a Minor also.
You can file the return of a minor.
But the gift is exempt u/s Sec.56(2), so need to file in that case.
PAN can be obtained by a Minor also.
You can file the return of a minor.
But the gift is exempt u/s Sec.56(2), so need to file in that case.
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