54f for minor
This query is : Resolved
08 December 2012
hi,
long term asset is sold by minor, can minor claim 54f (father already owns 2 houses, minor owns no houses.)
my view-
minor can claim 54f inspite of father owning 2 hours because, clubbing (64 1A) happens at the end after calculating minor's income.
am i wrong? any legal case please?
regards, mr.kunjan shah, www.canaresh.com , mumbai (CA final 2nd cleared).
long term asset is sold by minor, can minor claim 54f (father already owns 2 houses, minor owns no houses.)
my view-
minor can claim 54f inspite of father owning 2 hours because, clubbing (64 1A) happens at the end after calculating minor's income.
am i wrong? any legal case please?
regards, mr.kunjan shah, www.canaresh.com , mumbai (CA final 2nd cleared).
Soumitra Basu
(Expert)
09 December 2012
you are absolutely right.
09 December 2012
thank u sir
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