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
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