About FD
This query is : Resolved
CA Nirav Acharya
(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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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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