A Minor child X receives Rs.30000 from singing. That Rs.30000 is deposited in Bank.. Interest Rs.3000 is received by X. Here in the hands of X's parents is tat Rs.3000 clubbed or not???
Menu
Clubbing of income
Replies (2)
| Originally posted by :Dhivya | ||
| " | Yes, Rs. 3000/- would be clubbed in the hand of that parent whose total income is greater because bank interest is not earned by the minor by application of his skill or talent. | " |
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
