Income of minor from acting

This query is : Resolved

namita singh (Querist)
Follow

15 June 2013 A minor Having Income of Rs. 2,50,000 is taxable or not. If Yes then what would be Taxable Amt Please Reply ASAP. Its Urgent

Rupesh Jain

Rupesh Jain (Expert)
Follow

15 June 2013 tell the nature of income of minor

if his manual work/ intellegent
then it will taxable in minor hand.

otherwise
rs. 1500/- will exempt
remiining amount will add in parents income.

Message likes : 1 times

namita singh

namita singh (Querist)
Follow

15 June 2013 Yes His Income is From Acting in TV Serial Now in whose hands will it be taxable & taxable Amt

CA.Vinita Gupta

CA.Vinita Gupta (Expert)
Follow

15 June 2013 It would be taxable in the hands of the Minor because the Income is earned out if his own Professional Skill

Message likes : 1 times

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

BIBIN KUMAR

ashok jain

BALU RAJADURAI

CA K GIRIDHAR

ANJANA PALIYATH

Subscribe Now

Income of minor from acting

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA ARTICLE

Senior Accounts Executive

Audit Assistant / Article Trainee / Intern

Article Assistant

Senior Associate

Audit clerk

Accounts assistant

Article