Clubbing of income
This query is : Resolved
Guest
Guest
(Querist)
24 July 2014
A minor has a pan no. he is earning interest income. his income is in 26AS and also in his mother 26AS included.it can be possible?plz rply fast
24 July 2014
yes as per clubbing provisions u need to club the income wiht mother.
24 July 2014
yes as per clubbing provisions u need to club the income wiht mother.
Vishnu Saboo
(Expert)
24 July 2014
yes, income to be clubbed
Nikhil Kaushik
(Expert)
25 July 2014
it seems that there is an error in processing of Form 26AS.
irrespective, you need to club the income as per section 64. please note that income is earned by the minor through application of his efforts - physical or mental, the said incomes shall not be clubbed
irrespective, you need to club the income as per section 64. please note that income is earned by the minor through application of his efforts - physical or mental, the said incomes shall not be clubbed
Vishnu Saboo
(Expert)
26 July 2014
since in given query , income is from interest, so i feel it must be clubbed.
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