Query
This query is : Resolved
09 January 2016
Dear Sir,
The father of the handicapped dependent has deposited in fixed deposit in bank certain amount for the benefit of the handicapped dependent. In whose hands the income by way of interest from bank fixed deposit in the name of handicapped dependent is taxable? and why?
The father of the handicapped dependent has deposited in fixed deposit in bank certain amount for the benefit of the handicapped dependent. In whose hands the income by way of interest from bank fixed deposit in the name of handicapped dependent is taxable? and why?
09 January 2016
Handicapped dependent is if a major person, income will be taxable in the hands of son.
.
If the dependent is a minor person, and suffering from any of the disabilities specified in Section 80U, then also the income will be assessed in the hands of the minor as per Section 64(1A)
.
.
If the dependent is a minor person, and suffering from any of the disabilities specified in Section 80U, then also the income will be assessed in the hands of the minor as per Section 64(1A)
.
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
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
