Minor
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2011
minor's bank a/c is opened by mother' s money. interest received on that account.
father inc is higher tahn mother.
minor inc will be clubbed with whom?
option 1 -father return
option2 -mother -because she has invested amt
father inc is higher tahn mother.
minor inc will be clubbed with whom?
option 1 -father return
option2 -mother -because she has invested amt
28 September 2011
As per Section 64(1A), the income of the minor child will be clubbed with the income of the parent whose income is higher.
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