How to file income tax returns for minor having pan card

This query is : Resolved

Share Report Follow Query Ask a Query

V R N

V R N (Querist)
Follow

14 October 2017 how to file income tax returns for minor having tds deducted by minors pan number by bank on deposits

RAJA P M

RAJA P M (Expert)
Follow

15 October 2017 File minor's Pan number and signing authority for his parents/nominee....

Message likes : 1 times

V R N

V R N (Querist)
Follow

15 October 2017 can we club minor TDS with parents TDS and file the returns , If not how to claim the minor TDS which is deducted by bank

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

15 October 2017 Here, clubbing is not possible. Minor has to file IT return and seek refund.if any.

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
Follow

15 October 2017 My Dear Experts, Minor Income not be clubbed when minor has income from manual work or application of skill. But here minor is earning interest income.

Message likes : 1 times

RAJA P M

RAJA P M (Expert)
Follow

15 October 2017 Filing return by the name of minor and signing by the parents / nominee. ..

RAJA P M

RAJA P M (Expert)
Follow

15 October 2017 Clubbing is not available file separately and signing by parents or nominee...

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
Follow

15 October 2017 I agree with Ashiwini ji. In my opinion too, Interest on bank deposits, given that bank deposits are transferred from the parents in favor of minor and minor has not earned this income from his individual capacity, should be clubbed with the Income of the parent.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok