Clubbing provisions

if the income of both parents mother and father is equal then income of the child will be clubbed in whose income

Replies (3)
father

Same as per last year's clubbing provision. Otherwise either of two.

Can a son of senior citizen father will give money to his father as a gift and father want regular income on the same ,So he can invest that money in SSSC for their regular earning.

or there is mandatory senior citizen account only be open with money that received from retirement fund only???

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