RETURN FILED
Harshil shah (43 Points)
20 January 2021
CAN I FILE RETURN OF 20 YEARS OLD GUY & HE ALSO HAVE SOURCE OF INCOME
8 Replies
Kapadia Pravin
(17259 Points)
Replied 20 January 2021
You may not file if income is below 250000/- the threshold limit. Otherwise if >250000 you must file.
CA Venkata Koteswararao Mogali
(job)
(45 Points)
Replied 20 January 2021
Yes, income tax return can be filed even for minors. However the income earned by him should be from his own skill and talent. Else, the same would be clubbed in the hands of parents whose total income is grater.
Kapadia Pravin
(17259 Points)
Replied 20 January 2021
Any minor can have PAN card also (even a 1 day baby)
sabyasachi mukherjee
(27574 Points)
Replied 20 January 2021
Pan card is not an identity for an individual.
But its certainly an obligation for an individual to disclose his source of income.
Every year as per the finance bill
is tabled in the parliament.Certainly income tax slab for all assesses are announced for a year.
In this case the querist has not mentioned quantum of income.
Any individual can have a Pan card.
But its certainly an obligation for an individual to disclose his source of income.
Every year as per the finance bill
is tabled in the parliament.Certainly income tax slab for all assesses are announced for a year.
In this case the querist has not mentioned quantum of income.
Any individual can have a Pan card.
Kapadia Pravin
(17259 Points)
Replied 21 January 2021
All persons specified in 2(47) can have PAN Card
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