Easy Office
LCI Learning

Income of minor

This query is : Resolved 

15 November 2009 One of my friend is working with Govt.corporation. his gross income for A.Y. 2009-10 is below Rs.1.5 Lac. And as such his office not issued Form No.16.
His minor son is being enrolled as private finance consultant & total commission paid to minor by a institute is Rs.3.98 lacs & T.D.S. of Rs. 40235/-

kindly guide in the matter for filing I.T. return of parent.

16 November 2009 Minor is earning by his own expertise, therefore no need to club income in hands of parents. It is taxable in hands of minor itself.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries