https://www.taxtmi.com/acts?id=48010 A new sub section (1A) requires inclusion of all income arising or accruing to a minor child in an individual's total income, excluding income from the minor's manual work and from activities applying the minor's skill, talent or specialised knowledge and experience. The Explanation allocates such includible income to the parent with the higher total income while marriage subsists, or to the parent who maintains the child where marriage does not subsist; once included in one parent's total income it shall not be included in the other parent's income in succeeding years unless the Assessing Officer, after hearing that parent, is satisfied that reallocation is necessary. en-us Tue, 28 Jan 2025 12:40:10 +0530 Tue, 28 Jan 2025 12:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48010 A new sub section (1A) requires inclusion of all income arising or accruing to a minor child in an individual's total income, excluding income from the minor's manual work and from activities applying the minor's skill, talent or specialised knowledge and experience. The Explanation allocates such includible income to the parent with the higher total income while marriage subsists, or to the parent who maintains the child where marriage does not subsist; once included in one parent's total income it shall not be included in the other parent's income in succeeding years unless the Assessing Officer, after hearing that parent, is satisfied that reallocation is necessary. Act-Rules F. Acts / Amendment Acts Tue, 28 Jan 2025 12:40:10 +0530 https://www.taxtmi.com/acts?id=48010