banner_ad

Minor become major during the year

Others 488 views 1 replies

If a person become major during the year than what will be  income tax rule  for Clubbing

Exp

if Mr A earn interest income of Rs. 120000/-  & he become major on 1-10-15. Than waht will be clubbing provision? Is 120000/ assessed in the hand of Mr A because as on 31 marsh 2016 he is Major or 60000/ Income upto 30 sep 2015 is clubeed with Parents Income?

 

Pls Help

Replies (1)
second option is correct i.e.as per no.of days


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details