For first time Minor Account is clubbed to parent who's income is highest.
I just want to know that whether the highest income is gross taxable or net taxable.

Example
if Husband's gross income is 3 lakh and net income is 2 lakh and wife's gross income is 2.5lakh and net income is 2.25 lakh then the son's account should be clubbed in husband or wife's account?

Regards
Rajesh Nagda
(rajesh.nagda@gmail.com)

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Thank You

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Also do let me know the pros and cons of the same
I also wish to know Limits and Responsibilities for lending and regulation bodies to be associated.
Help me with Step by step Formation and regulation Rules.
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Respected Sir,

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Any help will be appreciated

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thanks

Please anyone solve my problem

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