Income from other sources
This query is : Resolved
Vijay Sarathi H
(Querist)
27 June 2008
A Minor child gets income out of a cinema shooting. The income is purely of that child's skill. Now what is the tax rate applicable if the the income is taxable in the hands of that child, assumed it has no any other income and has not invested the same?
CA Anand Sarda
(Expert)
27 June 2008
normal tax rates are applicable.
Vijay Sarathi H
(Querist)
28 June 2008
If normal rates are applicable is it as that of male indl or female indl? is there any difference for a child being male or female?
SHIVAM GROVER
(Expert)
28 June 2008
SAME RATES ARE APPLICABLE TREATMENT IS DIFFERENT IN CASE OF MALE AND FEMALE INDIVIDUALS AS WE FILE THE RETURN OF INDIVIDUAL MAJOR PERSONS(FOR M 110000 SLAB)
(FOR F 145000)
(FOR F 145000)
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