Accounts

IS INCOME OF CHILDREN INCLUDED IN THE INCOME OF FATHER WHILE COMPUTING THE INCOME TAX RETURN FOR FATHER.IF SO UNDER WHICH SECTION OF INCOME TAX ACT. INCASE MOTHER IS HOUSEWIFE CAN THE INCOME BE CLUBBED IN THE INCOME OF MOTHER
Replies (10)
Any income received by minor child will be added with the income of mother or father who has the higher income .
Income generated in the name of minor child is exempt only up to Rs 1,500 per month. Any amount over and above this will be clubbed in the income of the parent whose income is higher. 
section 64(1A)

THANKS FOR YOUR REPLY. BUT SUPPOSE FATHER DOES NOT WANT TO CLUB THE INCOME OF HIS MINOR CHILD AS HIS TAX LIABILITY AFTER  CLUBBING  INCOME OF THEIR CHILDREN COMES TO APPROX.RS.1,90,000/- AFTER MAKING ALL DEDUCTIONS UNDER 80 C 80D. WHERE AS WITHOUT CLUBBING INCOME OF MINOR CHILDREN HIS TAX LIABILITY FOR THE F.Y.2016-17 COMES TIO RD.40,000/- ONLY. BUT IN THE PREVIOUS YEAR 2015-2016  IT RETURN FATHER HAD CLUBBED THE INCOME OF HIS MNOR CHILD. PLEASE LET ME KNOW  CAN FATHER FILE HIS IT RETURN WITHOUT CLUBBING THE INCOME OF HIS MINOR CHILDREN IN ORDER TO  REDUCE HIS TX LIABILITY FOR THE FY 2016-2017. AS HE HAS TO FILE HIS RETURN BEFORE 31.07.2016.KINDLY ADVISE

if minor earns his income out of his skill or application of talent , then such income is taxable in the hands of minor child and no need to club in parents income .

For tax avoidance , u want to escape from clubbing of minor income which non compliance of income tax act.

PLEASE CLARIFY EXEMPTION LIMITE OF RS. 1500/- PERMONTH OR PER CHILD???? IT THINK IT SHOULD BE RS. 1500/-PER CHILD NOT PER MONTH. KINDLY CLARIFY.

 

 

REGARDS

RAJESH

PLEASE CLARIFY EXEMPTION LIMITE OF RS. 1500/- PERMONTH OR PER CHILD???? IT THINK IT SHOULD BE RS. 1500/-PER CHILD NOT PER MONTH. KINDLY CLARIFY.

 

 

REGARDS

RAJESH

18.07.2016

Dear Sir,

Thanks for your reply. Kindly clarify as to whether Exemption limit for clubbing minor income is Rs. 1500 per month or Rs. 1500 per annum  per child. Kindly clarify and under which section of Income taX????????

 

per anum maximum upto 2 child , so u can avail exemption maximum of RS.3000/ per annum
I already mentioned above section , I.e , 64 (1A)

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details