Tds on minors income
This query is : Resolved
Ca Nitin karwa
(Querist)
18 June 2014
tds on rent is @10% if limit exceed 1.80 lac.
bt wht if property registered in the name of minor. ..
is tds need to be deduct in minors name Or in his parents name (because minor income will club into 1 of his parent income) ?
Nikhil Kaushik
(Expert)
18 June 2014
teh most appropriate way to deal this is to ask the parent to issue a declaration to the deductor under proviso to Rule 37BA(2)
after receiving the declaration, the deductor can deduct tax against the parent's PAN
after receiving the declaration, the deductor can deduct tax against the parent's PAN
Rupesh Jain
(Expert)
18 June 2014
tds will deducted in name of parents or Guardian of minor
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GSTR9 Annual Return
- Ito add credit side of bank
- Employee secondment
- Rent agreement of House of deceased person
- GST ITC as per notification 12/2023- central tax
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Gift to nri relatives resides in usa
- LLP audit and disclosure
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
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
