How the return of income will be filed When the assessee becomes major during the previous year. Is the income upto the date of minority will be clubbed in the hands of Parent and the income from the date becoming major in his own hands ??
Jugal K Bajaj (Service) (23 Points)
11 June 2008How the return of income will be filed When the assessee becomes major during the previous year. Is the income upto the date of minority will be clubbed in the hands of Parent and the income from the date becoming major in his own hands ??
C.A. Sanjay Bhatia
(CA)
(496 Points)
Replied 11 June 2008
MINOR will file his return on total income
CA Amit Prakash Sharma
(Chartered Accountant)
(92 Points)
Replied 11 June 2008
Dear,
As per income tax act return is file for previous year in relevant assessment year. Therefore the staus of assessee will be check at the end of the previous year. If at the end of the previous year he was a major then he will file the return in capacity of major assessee.
Vasant
(Student)
(28 Points)
Replied 23 January 2015
sir
can u pls state under which section or rule it is specified.??
CAclubindia
