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Clubbing of income

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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
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 yes as per clubbing provisions u need to club the income wiht mother.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 yes as per clubbing provisions u need to club the income wiht mother.
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Vishnu Saboo

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Vishnu Saboo (Expert)
24 July 2014 yes, income to be clubbed
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Nikhil Kaushik

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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
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Vishnu Saboo

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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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