Minor income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2014
As per clubbing of income minor income is clubbed in the hands of parents whose is more, if a minor is received any amount and that is invested in bank other than FD i.e saving bank A/c and get interest of Rs 10000 or more so while computing of tax liability the parents can claim Rs 1500 deduction u/s 10 or chapter VI A deduction under 80TTA i.e upto 10000 is exempt.Thx
07 May 2014
the ans is yes allowed to take this 2 benefit...
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
OR add as source on Google news
- Acquisition of a society by a company
- EPF withdrawal before 5 years and Disclosure in ITR-2
- ITC Utilization on vehicle repair
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- Transfer of immovable property without consideration
- HRA in ITR 2 FY 2024-25
- 2.25 CRORE TRADER, NO CASH TRANSACTIONS,3CD APPLICABLE?
- Gratuity not yet paid shown in form 16
- FORM 115BAC
- Transfer of partnership interest in LLP
- GST audit turnover threshold
- Mis report in excel format of hospital
- Rebate Under 87A Issue
- Updation Required
- Tax invoice in special case
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
