saving bank interest received in minor account.
Amy Bhatnagar (23 Points)
24 July 2017
is this taxable in the hands of parent of higher slab.after giving exemption of rs 1500 per child.
Amy Bhatnagar (23 Points)
24 July 2017
Kuldipsinh Jadeja
(Job)
(357 Points)
Replied 24 July 2017
Yes. But also you can claim benefit of deduction under section 80TTA for savings interest. Income of Parent to be considered before exemption of Rs.1500
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