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Income from minor child
income from minor child is tax free . if it is yes why ?
Replies (4)
No, only exemption RS. 1500/- yly
it is clubbed in the parent income and exemption of 1500 per child is available
ok thanks sir
It is to added in the income of parent (of whose income is more) by virtue of section 64(1A) provided child is not suffering from any disability specified u/s 80U.
Further provided that-
1) Income arised by Manual work by child; and
2) Through his talent etc.
Shall not be clubbed.
Further provided that-
1) Income arised by Manual work by child; and
2) Through his talent etc.
Shall not be clubbed.
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