Capital Gains from Minor's Inherited Property Taxed Under Parent's Income as Per Section 64(1A) of Income Tax Act.

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....Clubbing of income - Assessment of capital gain of the minors in the hands of the assessee - The word “any such income” as appears in Section 64(1A) includes capital gain arising out of the sale of the property obtained by the minors from their grandparents by way of settlement.....