Please advice
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2010
My mother-in-law wants to gift a SIP mutual fund to my daughter (age: 8 years), where she will fund money of Rs 4,000 per month.
Will this money from MF will be added in my Income tax calculations?
Will this money from MF will be added in my Income tax calculations?
CA Sanat Pyne
(Expert)
02 December 2010
Yes,
only interest part will be added with parent income.
only interest part will be added with parent income.
CA.ViVeK M ACA
(Expert)
03 December 2010
The Interest earned by minor daugter shall be deemed to be the income of parents
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