Need help...in case of partial integration for determining tax on non-agricultural income, how is the Minor's agricultural income dealt with? is it to be added with the agricultural income of the parent (assessee in question) for the purpose of integration?
7 Replies
Sanket Damodar Karve
(Business)
(179 Points)
Replied 19 February 2010
Dear Ajay,
For working out tax liability only the Agriculture incomre is to be clubbed.
Otherwise its exempt.
Amir
(Learner)
(4016 Points)
Replied 19 February 2010
Dear Ajay,
Good question yaar......
I think it will also be clubbed with the income of parent for rate purposes...
Dilip Wankhede
(A/c Manager)
(63 Points)
Replied 19 February 2010
It will be clubbed in parent income for rate purpose.
C.Balaji
(Learner)
(1867 Points)
Replied 19 February 2010
agree with all...
Yes it will be clubbed with income of parent
Ajay
(CA Job)
(512 Points)
Replied 19 February 2010
Thank u all...btw i just came across the exact case law in this regard which im giving below...
Minor’s agricultural income must be clubbed for rate purposes - The agricultural income of the minor son of the assessee has to be included in the income of the appellant for the purpose of determining the rate of income-tax applicable to the income of the assessee - Suresh Chand Talera v. Union of India [2006] 152 Taxman 348 (MP).
C.Balaji
(Learner)
(1867 Points)
Replied 20 February 2010
Mr.Ajay thanks for posting the case reference......
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