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Tax liability of a Minor Child
If a minor child receives an Income above the exemption limit say 500000 then how the tax liability should be calculated and Without PAN as Minor How ITR to be filled. please help.
Replies (2)
Income of the minor child will be taxed in the hands of his parents whose total income before chapter 6a deductions is higher
and only the income earned by minor out if his own skills is not clubbed in parents income(Ex;painting etc.,,)
I agree with Jalluri.
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