income on minor

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bishan singh negi

bishan singh negi (Querist)
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24 March 2008 hi member happy belated holi

Mandeep Singh

Mandeep Singh (Expert)
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24 March 2008 Income of minor will be clubbed with income of his/her parent.But if minor is earning due to his/her skill then its income will not be clubbed in hands of his parents.

Vikas Garg

Vikas Garg (Expert)
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24 March 2008 hi happy holi to u .
Regarding minor thee is nothing new in the recent budget. same old provisions are applicable to minors.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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24 March 2008 Income of minor will be clubbed with income of his/her parent.But if minor is earning due to his/her skill then its income will not be clubbed in hands of his parents.