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Deduction of minor income

Amber Jain (Article Assistant) (206 Points)

24 June 2014

Hello everyone

The parent in whose income, income of individual is included whether the same parent can only claim deduction or other can also claim.

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2 Replies

HARDIK THAKKAR (FINAL CA STUDENT) (132 Points)
Replied 24 June 2014

same person can only claim deduction

Amber Jain (Article Assistant) (206 Points)
Replied 24 June 2014

But as per Sec 80C(v) it's said that any amount contributed by individual for the person specified in (4) deduction shall be allowed. (4) included individual,spouse,children.

So if one parent has included in his income and other parent has contributed to provident fund then as per above said section deduction will be available.