banner_ad

minor child attains majority

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 January 2011 A minor attains majority in the mid of a financial year. He is given interest on 31 march every year.Will the interest accrued be calculated and clubbed in the hands of his parent till he attains majority? please explain.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
28 January 2011 if u could show accrues on 31.03 then show income in minors hand.
Profile Image

Guest

Profile Image

Guest (Expert)
28 January 2011 No, entire income will be taxable in the hands of child who has become major on ore before 31March
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details