Whether TDS is deducted or not on a minor who is earning from a property owned by his father? The father is alive & is an representative assessee???
TDS SHALL BE DEDUCTED FROM THAT INCOME TO THE MINOR AND AS PER THE PROVISIONS OF SEC. 64(1A), INCOME OF MINOR SHALL BE CLUBBED IN THE HANDS OF THE PARENT WHOSE GROSS TOTAL INCOME BEFORE INCLUDING THE INCOME OF MINOR IS MORE. THE FATHER IS A REPRESENTATIVE ASSESSE IS IRRELEVANT THING HERE...........
sunil kumar
(Senior SME)
(53 Points)
Replied 18 January 2010
TDS provisions never bother whether the person is minor or not, and it will see only whether we should deduct or not.
@ CA. $ahar$h @
(Student)
(338 Points)
Replied 18 January 2010
yes TDs will be deducted if the income is exceeding Rs.1,20,000 under section 194I. and no surcharge or cess will be applicable.
sudhir rawal
(B.COM/PCC/ARTICLE/'O'LEVEL)
(314 Points)
Replied 18 January 2010
yes tds will deduct under section 194I
Prity
(Partner)
(70 Points)
Replied 18 January 2010
TDS will be deducted as per section 194I irrespective of the fact that the person receiving the income is minor/major if the income exceeds the limit as specified in the said section and the fact that father is representative is irrelevant
CAclubindia
