minor child income from interest (100000)
mother income (210000)
father income(210000)
plz suggest this minor income is clubb in mother or father?
abhishek singhal (C.A final) (29 Points)
19 May 2012minor child income from interest (100000)
mother income (210000)
father income(210000)
plz suggest this minor income is clubb in mother or father?
CA. Akhil Maangal
(Head - Finance & Accouunts)
(131 Points)
Replied 19 May 2012
Income of minor can be clubbed with Income of any of the Parents in this case if last year no clubbing has taken place.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India