Is it allowed to file return for minor if his/her income is less than 3lac?
Replies (3)
Quick Summary
This discussion clarifies whether a minor can file an Income Tax Return (ITR) if their income is below the taxable limit of 3 lac. While generally not required, it's explored if a nil return can be filed to claim a refund for any Tax Deducted at Source (TDS). The consensus is that, as per current tax acts, a minor cannot file a nil return to claim TDS refunds, and any deducted TDS would typically be clubbed with the parent's income.