income earned by mr. shah 4 lacs mrs shah 3 lacs , income earned by minor son by company deposits is 20000 and by interest on f.d is 25000
here in this case income from minor son will get clubbed with mr shah
my doubt is regarding exception under sec 10. (32 )
what will be computation ?.
a. 4 lacs + 20000- 1500 + 25000 - 1500 or
b. 4lacs + 20000+25000-1500
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clubbing of income
Replies (4)
b is correct
total exemption is 1500
total exemption is 1500
yes ashish is crct.......
if mr x has minor child who received gift of ₹ 1lac from mrs x friend than this gift would be taxable in hands of any of the parent whose total income is higher
yeah correct.....
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