clubbing of income
This query is : Resolved
03 December 2010
Mr. navin Jain,
Will the answer will remain the same if the minor is 10 year old
i.e.
is doing business of trding in shares involve application of skill and talent?
this is to conclude whether 10 year old minors business income for sale and purchase of shares attracts clubbing provision in FY.2008-09 and 2009-2010
Will the answer will remain the same if the minor is 10 year old
i.e.
is doing business of trding in shares involve application of skill and talent?
this is to conclude whether 10 year old minors business income for sale and purchase of shares attracts clubbing provision in FY.2008-09 and 2009-2010
04 December 2010
YES.
CLUBBING PPROVISION WILL NOT BE ATTRACTED WHEN HE WILL GET MAJORITY.(i,e. - 18 years)
CLUBBING PPROVISION WILL NOT BE ATTRACTED WHEN HE WILL GET MAJORITY.(i,e. - 18 years)
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