1. Whether TDS is deducted or not on a minor who is earning from a property owned by his father? The father is alive & is an representative assessee???
Pradeep Sharma (student) (114 Points)
03 April 2010
1. Whether TDS is deducted or not on a minor who is earning from a property owned by his father? The father is alive & is an representative assessee???
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 03 April 2010
If the property is owned by the Father then how the minor will earn income from the same property - minor will earn income only when the same is gifted to the minor - even then the income will be clubed with the father & TDS is must if it falls into those reles (e.g. Rent limit is now 180000)
C.Balaji
(Learner)
(1867 Points)
Replied 03 April 2010
Dear Pradeep........
Your query is not clear....
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)