Minor income

ITR 615 views 4 replies

Whether minor's income as remuneration from partnership firm is to be taxed in his own hands or to be clubbed in parent's income?

Replies (4)

Any income earned by minor has to be merged with that of the parent. This rule applies to partnership income as well.

 

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Clubbed with parent's income.

minor income clubb with the parents whose income is higher before adding this income

 if not earned from his /her own skill and knowledge

Clubbed in parents income


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