I.t return
This query is : Resolved
Debjit Saha
(Querist)
11 August 2011
Is it possible that minor submit i.t return.? I know that the income of minor is exempt but clubbed with parents. Is it right?
So, suppose i am minor can i show my gifted property at my return, without clubbed with my parents.? Plese help me.
So, suppose i am minor can i show my gifted property at my return, without clubbed with my parents.? Plese help me.
CA Ashwani Agarwal
(Expert)
11 August 2011
A minor can surely submit his return, but his income is only when he has earned something by using his abilities. All other incomes of the minor is clubbed with the parents like Interest, Capital Gains etc.
Message likes :
2 times
11 August 2011
acorrectly said by Ashwani... else anyone would take advantage of clubbing income into minros hands
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