Sir,
Can you please clarify how minor owners of property are treated in regards to Service Tax on Rental income:
1. If minors income is clubbed with parent for IT purposes, will the same apply to Srvice tax also - or can service tax be treated for each owner (Including Minors) seperately for the 10 Lakhs exemption limit.
2. Or will minors not be granted the 10 Lakhs exemption and be clubbed with parent? Please try to quote the rule reference for this.
Thank you,
KHALID R. KHAN
KHALID R. KHAN
CAclubindia
