Clubbing minor income
This query is : Resolved
30 October 2024
Child is foreign citizen Father is resident is income accrued in nre and FCNR clubbed and taxable?
30 October 2024
Similar to NRE accounts, the interest earned on FCNR deposits both are exempt from income tax.
Yes, the exempt income is to be declared in Father's ITR.
Yes, the exempt income is to be declared in Father's ITR.
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