Income on income shall not be clubbed.
Does this rule apply to minor child's income also?
Eg. Income earned by minor child(not from special talent) =15000
Interest earned by minor child from depositing the above income = 1000.
Amt. clubbed in the hands of parent will be 15000 or 16000?
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Clubbing of minor child's income
Replies (4)
amount clubbed in the hands of parent will be rs 16,000
Thanks alot! 😊
TOTAL INCOME TO BE CLUBBED WILL BE 16000-1500( exemption u/s 10(32) .......THEREFORE INCOME TO BE CLUBBED ....WILL BE 14500 INR...
what about 80tta 1000rs inr
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