Income of Infant and Minor
This query is : Resolved
12 May 2025
Is the Interest Income, Income From Mutual Fund or Bank Interest (Saving Account and Fixed Deposits) earned in name of Infant Child and Minor Child is taxable to whom Father or Mother.
Please explain in detail.
Please explain in detail.
12 May 2025
If both the mother and father are earning, in this case, the child's income will be clubbed with the income of the parent whose income is greater.
13 May 2025
If only Father is earning then minor's income to be mandatorily clubbed with Father's Income.
Or Mother (Who is not earning) can file return adding the income of Minor's.
Also please inform if any deduction is allowable
Or Mother (Who is not earning) can file return adding the income of Minor's.
Also please inform if any deduction is allowable
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