whichone is correct. and Why ?
This query is : Resolved
11 March 2011
Miss X Age 17 (Minor) is married to Mr. Y.
Her mother alone is alive. Income by the way of interest on loans of miss X will be--
1. Assessed to tax in the hands of Mr. Y
2. Assessed to tax in the hands of her mother
3. Taxable in her own hands.
4. None of above
Her mother alone is alive. Income by the way of interest on loans of miss X will be--
1. Assessed to tax in the hands of Mr. Y
2. Assessed to tax in the hands of her mother
3. Taxable in her own hands.
4. None of above
11 March 2011
OPTION 2.
SEC 64(1A) DOES'NT EXCLUDE INCOME OF MINOR MARRIED DAUGHTER FROM CLUBBBING
SEC 64(1A) DOES'NT EXCLUDE INCOME OF MINOR MARRIED DAUGHTER FROM CLUBBBING
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