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TDS on Minor Income.
One of my clients daughter received compensation from Insurence Company. TDS was deducted. She is a minor. How to file Income Tax Return to claim TDS.
Replies (3)
Refer section 64(1)(A)of the Income tax act .
Such income shall be clubbed in the hands of the parent whose income is higher. TDS can be claimed as well by the parent but I am not sure how the return filing procedures shall take place.
The TDS can be claimed by either of the parents in his/her ITR.
PAN of the minor has to be mentioned in the TDS section by the parent. Further, the income will also be clubbed in the hands of the parents.
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