Income taxability of minor
Sanket Poddar (B.Com) (28 Points)
13 January 2013Sanket Poddar (B.Com) (28 Points)
13 January 2013
Devendra
(Chartered Accountant)
(4775 Points)
Replied 13 January 2013
If both the parents of the minor child are not alive, then the income of minor child cannot be clubbed and the guardian of the minor child shall file the return on behalf of the minor. It may be added that it will not be included in the income of the guardian if the guardian is not a parent.
Regards,
Devendra Kulkarni
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 13 January 2013
Originally posted by : Devendra | ||
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If both the parents of the minor child are not alive, then the income of minor child cannot be clubbed and the guardian of the minor child shall file the return on behalf of the minor. It may be added that it will not be included in the income of the guardian if the guardian is not a parent. Regards, Devendra Kulkarni |
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FULLY AGREED WITH ABOVE.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 13 January 2013
There is no section or provison under incme tax for clubbing with the guradian even if both parents die...
kavitha
(studying final)
(830 Points)
Replied 14 January 2013
Originally posted by : Devendra | ||
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If both the parents of the minor child are not alive, then the income of minor child cannot be clubbed and the guardian of the minor child shall file the return on behalf of the minor. It may be added that it will not be included in the income of the guardian if the guardian is not a parent. Regards, Devendra Kulkarni |
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