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Income of minor from acting

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(Querist)
15 June 2013 A minor Having Income of Rs. 2,50,000 is taxable or not. If Yes then what would be Taxable Amt Please Reply ASAP. Its Urgent
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Rupesh Jain

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Rupesh Jain (Expert)
15 June 2013 tell the nature of income of minor

if his manual work/ intellegent
then it will taxable in minor hand.

otherwise
rs. 1500/- will exempt
remiining amount will add in parents income.
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namita singh

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namita singh (Querist)
15 June 2013 Yes His Income is From Acting in TV Serial Now in whose hands will it be taxable & taxable Amt



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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
15 June 2013 It would be taxable in the hands of the Minor because the Income is earned out if his own Professional Skill

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