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(Querist)
08 April 2017 int income of fd on the name of major dependent child is taxable in the hands of that child or her parent?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
08 April 2017 If the child is major it is taxable in his hands. Income accruing to a minor which is not the result of his skill or talent is clubbed with the income of either of his parents only if he is a minor subject to a deduction of Rs 1500/-.

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