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Minor tds claim
Minor having rent income and having his own PAN No , Now service receiver asking to provide PAN no for TDS deduction. So should I provide my PAN (Father) or minor. If minor then how can i claim the TDS amount.
Replies (3)
An income is taxable in the hands of the minor only if it is
An income is taxable in the hands of the minor only if it is earned by him by applying his skills and talent.
Hence the rental income will be taxed in the hands of the parent whose income is higher.
It is adviced to provide the PAN No of the parent because if the TDS is deducted in the name of the minor, it will be difficult to claim the same later.
Hence the rental income will be taxed in the hands of the parent whose income is higher.
It is adviced to provide the PAN No of the parent because if the TDS is deducted in the name of the minor, it will be difficult to claim the same later.
Thanks Sir
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