Tax treatment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2013 one of my client has his physical challange daughter. and he has created one viklang account in her name. now my question is bank interest in her account will be shown in her father return in A.Y. 2012-13? Please ans.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
Follow

22 May 2013 in case the daughter is a minor,as per the clubbung provisons,it will be clubbed with the income of the parent having highr income

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2013 no her daughter is makor but her father is using her account on her behalf as she is in category of viklang parson. pls reply

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2013 not makor..its major.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
Follow

22 May 2013 in that case,it should be shown in daughter's return..no clubbing

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

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

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

rajkumar yadav

madhu sudan

Shivchandra Jakhotia

mohammad.asraf

Anirudh Sharma

Subscribe Now

Tax treatment

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA