Clubbing of minor's income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2014
A gives gift to his grand children by transfer to their bank accounts a sum of Rs 5000 every month. The amount is transferred to a FD account.
Interest earned on this money - will it be clubbed with parent;s income of the minor children?
Interest earned on this money - will it be clubbed with parent;s income of the minor children?
25 August 2014
yes if they are minor will be clubbed to that parent whose income is more then other spuse excluding tis income
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
- ADT-3 AND ADT-1
- FOREIGN GAIN AND LOSS
- Itr .….......
- TDS on rent paid to NRI rate
- TDS Under Section 194IA Where More than one Buyer and More than one Seller
- E-way bill issue with two invoice
- Interest on Capital-Partnership Firm
- Inheritances Share Tax Implications
- OLD MACHINERY SALE
- LABOUR SUPPLY BILL - RCM APPLICABLITY
- IRN was not generated for October-2025 Invoice but generated e waybill, now it is self identified,
- 80G deduction eligibility
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
