Menu
Tax liability of a Minor Child
If a minor child receives an Income above the exemption limit say 500000 then how the tax liability should be calculated and Without PAN as Minor How ITR to be filled. please help.
Replies (2)
Income of the minor child will be taxed in the hands of his parents whose total income before chapter 6a deductions is higher
and only the income earned by minor out if his own skills is not clubbed in parents income(Ex;painting etc.,,)
I agree with Jalluri.
Recent Topics :
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
Related Topics :
CAclubindia
