TaxTMI 
TaxTMI 
Hello sir
parents has died & fixed deposit is matured in the hands of nominee who is minor ,so how to file itr
income tax return
17 Aug 2019 
5 Replies 
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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. (AI Summary)
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. (AI Summary)