Income of minor

Dear Dhinesh Sharma

The Income of the Minor is taxable in the hands of either of a Parent Whose Income is More (At the Point of  Initial Year). The Exempted Portion of suche income is Rs.1500/- only. If the Assessing officer may consider to assess in the hands of the other Parent at any subsequent point of time considering the Income of those parents at that year 

Respected Sir,

Both parents are higher income tax payer. who is responsible for clubbing this income? mother or father? both are directors and have various sources of computed income.

with warm regards,

Dinesh Sharma

Higher Income means here we have to consider the numerical value, 10001 is higher than 10000

Respected Sir,

Sorry for my mistake but i want to say that both parents have income of Rs.8 lac and now income from minors is coming in father's income of mother's income?

with warm regards,

Dinesh Sharma 

Here, the Choice is Yours. The Department is Not to Lose any thing. The rationale behind the Clubbing of Income is no lose to the Government

Originally posted by : dinesh sharma
	Respected Sir, Sorry for my mistake but i want to say that both parents have income of Rs.8 lac and now income from minors is coming in father's income of mother's income?   with warm regards, Dinesh Sharma

if both mother and father having same income than clubbing of income with any of them does not alter tax liability. So its a matter of choice.

Source: https://www.indiantaxupdates.com/2012/10/19/clubbing-of-income-of-minor-section-641a/