CA Anurag Sulodia
(Chartered Accountant)
(250 Points)
Replied 23 May 2011
| Originally posted by : sudhir goyal | ||
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In case minor's parents has died and he is living with grandfather who have income chargeable to tax Whether his income will be clubbed with grandfa. |
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No because minors income is clubbed with either of his parents whose income is higher n if parents have died he himself will be liable for tax but under some Guardian who will help him out in taxation matters
Prakhar gupta
(c.a-IPCC)
(22 Points)
Replied 23 May 2011
No...in case the minor is an orphan section 64(1A) is not applicable and his income will not be clubbed with anyone..it will be taxable in his own hands only...
krishna
(ipcc)
(164 Points)
Replied 23 May 2011
Yes agreed with all...thanks..... gud question and answeres....
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 23 May 2011
no the minor's income cant be clubbed in grand parents income ..even if the minor 's parents died
CA Aditya Goel
(Chartered Accountant)
(368 Points)
Replied 23 May 2011
NO . income wont be clubbed but the responsibility of minors return is on his guardian.
Amit Surana
(Student CA/CS-Professional)
(268 Points)
Replied 24 May 2011
| Originally posted by : Rohit Tulshyan | ||
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THANKS FOR POSTING. AND @ AMIT, IF PARENTS HAVE DIED THAN HE IS ORPHAN ONLY. |
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Sory dear acctually i have read it wrong.............
work is worship
(Service)
(2728 Points)
Replied 24 May 2011
| Originally posted by : work is worship | ||
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Good question. What if he is minor and adopted. |
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will the answer differ
Hari
(Chartered Accountant)
(159 Points)
Replied 26 May 2011
Clubbing provision applies only with respect to the parents.
work is worship
(Service)
(2728 Points)
Replied 27 May 2011
Hi yu mean only for biological parents and not for adopted parents
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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