Menu
saving bank interest received in minor account.
is this taxable in the hands of parent of higher slab.after giving exemption of rs 1500 per child.
Replies (1)
Yes. But also you can claim benefit of deduction under section 80TTA for savings interest. Income of Parent to be considered before exemption of Rs.1500
Recent Topic
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
Related Topics
CAclubindia
