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Urgent for Clubbing ?? and B&P ??

This query is : Resolved 

23 July 2010 hello sir,

my one client minor child having income from B&P. so how can i treat this income ???

can i make consolidate balancesheet & profit and loss a/c???

what should i do????

23 July 2010 If the minor is having income from business then it must be activity involving application of his skill, talent or specialised know-ledge and experience exersing his own skills and the same is not liable for clubbing and hence seperate return for the monior should be filed.



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