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
b is correct
total exemption is 1500
CAclubindia
