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Minor child

Mitali Jain (127 Points)

23 February 2018

how the income of a minor child is included in his parents income??

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Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2010 Points)
Replied 23 February 2018

Income of Minor child will be included in parents income whose income is highter.

However, there is a exemption of INR 1500 per minor child income is available to parent. u/s 64 (1A) of IT act 1961

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Mitali Jain (127 Points)
Replied 23 February 2018

thank u

Yash Goyal (6 Points)
Replied 23 February 2018

In addition to above answer-
If Minor child has Casual Income and such income is to be clubbed, in that case exemption of INR 1500 U/S 10(32) shall be allowed or not is controversial

Mitali Jain (127 Points)
Replied 23 February 2018

ok....thank uu

Yash Goyal (6 Points)
Replied 23 February 2018

welcome

Nishant (Assistant) (1092 Points)
Replied 23 February 2018

There are some exceptions to this.

When a child earns an income by way of any work or from an activity for which he uses special talent or knowledge, the minor is required to file an income tax return.