Liability to file a return.
This query is : Resolved
19 April 2012
A minor child have received an amount of nearabt 10 lakhs on behalf of his dead father.now the child is alone in this family as his mother have already expired.He is under the custody of a gaurdian and the cheque received is in the name of minor child.
Now who is liable to file return and pay tax on the amount received by the minor.
Now who is liable to file return and pay tax on the amount received by the minor.
21 April 2012
The minor's income, in case both the parents are not alive, cannot be assessed in the hands of grandparent or any other relatives or even in the hands of minor- R.P. Sarathy V. CIT [2006] 5 SOT 732 (Chennai).
Please go through the case law considering your query details for more clarification.
Please go through the case law considering your query details for more clarification.
Message likes :
1 times
21 April 2012
THANK YOU..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
