tax
This query is : Resolved
02 September 2009
what is clubbing ?and what is role of a minor in clubbing?and who is tax payable in this case?
02 September 2009
INCOME OF ONE PERSON IF DEEMED AS INCOME OF OTHER PERSON AS PER IT ACT , THE INCOME IS SAID TO BE CLUBBED WITH THAT OTHER PERSON.
MINOR INCOME IS CLUBBED WITH PARENT INCOME
MINOR INCOME IS CLUBBED WITH PARENT INCOME
02 September 2009
clubbing means income of one person is clubbed in the hands of others, provisions of clubbing are applicable when income belongs to some one else and it is received by anotherone
in case of minor - income of such minor shall be included in the hands of parents whose other income are higher excluding minor's income, and such income so be included in years to come... further deduction of Rs. 1500 is available from the same.
in case of minor - income of such minor shall be included in the hands of parents whose other income are higher excluding minor's income, and such income so be included in years to come... further deduction of Rs. 1500 is available from the same.
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
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
