banner_ad

Minor Income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 January 2011 There is minor child resident in India. Both the parents are non
resident living abroad. The minor child has fixed deposit in foreign
bank outiside India. The minor child files return of income offering
such income earned outside India. His parents filed respective return
declaring income earned in India. The A.O. refers to Sec 64(1A) and
Sec 5 and decides to club the minor interest income earned outside
india in the Total Income of Father. So Advice
Profile Image

Vivek Raju P

Profile Image

Vivek Raju P (Expert)
10 January 2011 The AO cannot do this as they are non residents and this income will partake the character of income earned outside india which will not be taxable for non residents.

It can be assessed only in the hands of the minor.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


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 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

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 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details