Urgent for Clubbing ?? and B&P ??
This query is : Resolved
Vijay Parmar
(Querist)
23 July 2010
hello sir,
my one client minor child having income from B&P. so how can i treat this income ???
can i make consolidate balancesheet & profit and loss a/c???
what should i do????
my one client minor child having income from B&P. so how can i treat this income ???
can i make consolidate balancesheet & profit and loss a/c???
what should i do????
Aditya Maheshwari
(Expert)
23 July 2010
If the minor is having income from business then it must be activity involving application of his skill, talent or specialised know-ledge and experience exersing his own skills and the same is not liable for clubbing and hence seperate return for the monior should be filed.
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