Sec 10 (32)
Jayesh Rathor (Student) (55 Points)
30 September 2016Jayesh Rathor (Student) (55 Points)
30 September 2016
CA Tanvi Sheth
(Consultant)
(232 Points)
Replied 30 September 2016
Hello,
The section says, that exemption willbe available for each minor child, it implies that exemption will be on toal amount and will not depend on source on income.
So if minor child has different sources of income then too in total the parent will get exemption limited to Rs.1500 if the parent goes for clubbing of income.
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 30 September 2016