Filing return liability of a minor

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deepak saini (Querist)

23 April 2014 Hi,
Sir/Madam,
If a minor come in major in same previous year so who is liable to file return self or guardian in related assessment year.

Harsha goyal

Harsha goyal (Expert)

23 April 2014 Age as on 31st march 2014 has to be considered for the purpose of filing return.

Nikhil Kaushik

Nikhil Kaushik (Expert)

23 April 2014 income till the day he/she turned major is to be included in the parent/guardian's tax return. post turning major income is to be included in his/her income tax return. so effectively, his/her income shall be divided in two parts for this particular year and accordingly reported to the tax department in respective returns.

Harsha goyal

Harsha goyal (Expert)

23 April 2014 This issue actually holds 2 opinion. Some are in favor of segregating the income as before attaining majority and after attaining majority, while some consider to take it as per his age as on 31st march. If it is practically possible to segregate the income into before and after periods then you can go with it otherwise file the return as major if he attained so as on 31st march.

Nikhil Kaushik

Nikhil Kaushik (Expert)

23 April 2014 i dont know how is it practically impossible. you may follow any accounting method, it provides enough scope for segregation - be it based on accrual or on cash.

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