Minor Income Tax Return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 1.Is is necessary to file a return for a minor (having PAN) whose income is clubbed with his parent. Income is not from his personal skill or knowledge.

2.If the return is to filed, whether we have to give the details of income to be clubbed in the Minor's return or a NIL return has to be filed?

Thanks in advance

CA Sanat Pyne

CA Sanat Pyne (Expert)
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22 July 2010 NO NEED FILE RETURN FOR MINOR.
INCOME OF MONIR WILL BE CLUBBED TO HIS/HER PARENTS, WHOSE INCOME IS GREATER.

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 July 2010 Agree with Pyne Ji.
Also a deduction of Rs.1500/- will be available u/s 10(32).

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 Dear sir

Thanks for your reply.
Pls clarify whether it will be a case of non-filing of Return (since the minor has separate PAN)

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 July 2010 No. Minor's PAN will be quoted in the return of his parent and it will not be a case of non-filing of Return.

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CA Sanat Pyne

CA Sanat Pyne (Expert)
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22 July 2010 SO DONT WORRY BE HAPPY.

Nirpendra Singh

Nirpendra Singh (Expert)
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22 July 2010 i am satisfied with all my friends veiws.

CA Sanat Pyne

CA Sanat Pyne (Expert)
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22 July 2010 Dear Nipendra,
We are here to reply the query asked by the person, not to satisfy you.If you have any query post it we will try to satisfy you by giving our opinion.

Regards,
CA. Sanat Pyne