income tax return

[SHASHI MITTAL]

Hello sir

parents has died & fixed deposit is matured in the hands of nominee who is minor ,so how to file itr

[Ganeshan Kalyani]

It will be taxable in the hands of the guardian.

[DR.MARIAPPAN GOVINDARAJAN]

Yes, the income of the minor will be clubbed into the income of the guardian.

[Ramesh Kothari]

Considered in ITR of guargiag

[SHASHI MITTAL]

sir

if no guardian is there,& parents has died in 2017,so how it will be shown in itr

[DR.MARIAPPAN GOVINDARAJAN]

Kindly check the nomination form in which the name of the guardian will be there.

AI Summary

Income from Minor's Fixed Deposit: Taxable in Guardian's Hands, Verify Guardian's Details in Nomination Form A user inquired about filing an income tax return for a matured fixed deposit belonging to a minor nominee after the parents' death. Respondents advised that the income should be taxable in the hands of the guardian and clubbed with the guardian's income. In the absence of a guardian, it was suggested to check the nomination form for the guardian's name.