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.
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.
CAclubindia
