Clubbing of income of minor
This query is : Resolved
13 March 2015
Hai,
I have querry regarding clubbing of provisions.
One of my client (Ms X) has Fixed Deposit in bank in the name of her Minor Son. Bank has deducted tax at source from interest paid to the minor son and issued TDS Certificate. Now the while filing Income Tax Return of Ms X , her son's income has to be clubbed together. Is it possible to claim the TDS of her son in her IT Return? If yes , how?
Thank You
I have querry regarding clubbing of provisions.
One of my client (Ms X) has Fixed Deposit in bank in the name of her Minor Son. Bank has deducted tax at source from interest paid to the minor son and issued TDS Certificate. Now the while filing Income Tax Return of Ms X , her son's income has to be clubbed together. Is it possible to claim the TDS of her son in her IT Return? If yes , how?
Thank You
13 March 2015
yes very much possible as per sec 65 it is possible.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST input credit on commercial property
- Nursery business
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- IMS (import of goods) ITC related
- Royalty payments to the Mining Department for procurement of murum - GST input
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
