Clubbing of minor income


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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2013 sir

Does minor saving account interest income is also clubbed with his parents income ?

thanks & regards

03 June 2013 Yes it is clubbed but you can take the benefit of exemption u/s 10(32) upto Rs.1500/-

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2013 thanks mam also i want to know that if there is expense like any bank charges paid in minor saving account Does his parents can claim deduction of expense plus deduction U/S 10(32) or only deduction of 10(32) is available & no expenses of minor is allowed as deduction..?


11 June 2013 Deduction cannot be claimed as per my opinion.


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