Treatment of children bank a/cs
This query is : Resolved
16 December 2013
hello evry ones
What is treatment of children(10yr) bank a/cs transaction while prepation of ITR of gurdians(i.e amt trf frm mother father a/cs,deposits).
Pls clear
What is treatment of children(10yr) bank a/cs transaction while prepation of ITR of gurdians(i.e amt trf frm mother father a/cs,deposits).
Pls clear
17 December 2013
the interest shall be clubbed with parent with higher income.
17 December 2013
and what about transactions ??? should i have to show all transaction in parents a/cs also or no need(i.e deposits .withdrawl in children a/c)
17 December 2013
Deposits and withdrawal anyways wont figure in the itr. However closing account balance should be included in case the assessee is required to submit balancesheet
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