Clubbing of income

The income arising from bonds/NCD shall be clubbed with your income. 

Yes, even such income will be clubbed as the same is not earned by minor on account of some skills etc.

As per section 64 (1A) , it will be taxable as part of your salary.  

Yes Clubbing Provision is applicable

Originally posted by : Rajesh M Patel
	Yes Clubbing Provision is applicable

Thanks for your replies.

In future, can my child gift me the principal back or there will be some tax on that gift?

If the son give gift to father,  Taxability  will not arise.