Gift to minor


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 August 2011 As a father,i have given a gift to my minor son and he generate income from gift amount,that income will be taxed in the hands of ...............? and why?

08 August 2011 The income from that gift will be taxable in your hands due to clubbing provisions

08 August 2011 that income will be taxed in the hands of ...............?

the parent whose total income is more.
It is prescribed U/Section 64(1A)

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 August 2011 thanks sir but one more question regarding i.e.parent whose total income is more taxable or father/
mother who will give the gift will be taxable bcoz this is case of gift and than generate income from that only.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details