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

Minor's income clubbing: income of a minor nominee is included in the guardian's taxable income for filing purposes.
Income from a matured fixed deposit held by a minor nominee is taxed as the minor's income and, if a guardian exists, is included in the guardian's taxable income under income clubbing; the nomination form should be checked to identify the guardian responsible for filing the income tax return.