Sec 10 (32)

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As per section 10 (32), The income of a minor child upto Rs1500 in respect of each minor child whose income is includible under sec 64 (1A) My question: Is this exemption available on the total income per child that is if A a minor has 3 source of income then can he avail individual exemption on each source of income or he has to sum all the source of income and then avail exemption of Rs1500 Is this exemption available for individual source of income or on lumpsum income of a minor in a given P.Y Thank You.
Replies (3)

Hello,

The section says, that exemption willbe available for each minor child, it implies that exemption will be on toal amount and will not depend on source on income. 

So if minor child has different sources of income then too in total the parent will get exemption limited to Rs.1500 if the parent goes for clubbing of income.

Yes, the total deduction will be limited to Rs.1500, irrespective of the number of sources of income.

Thank You for replying to my question


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