Is minor child’s income clubbed with the income of parent? |How can parent claim TDS deducted on his minor's child income?
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.... application of his/her skill, knowledge, talent, experience, etc. will not be clubbed with the income of his/her parent. However, accretion from such income will be clubbed with the income of parent of such minor. Income of minor will be clubbed with the income of that parent whose income (excluding minor's income) is higher. If the marriage of parents does not sustain, then minor's inc....
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....0 * Income of A from bank interest: Rs. 6,000 * Income of B from bank interest: Rs. 1,20,000. Will the income of minor children be clubbed with the income of their parent (Mrs. Raja is not having any income)? ** As per section 64(1A), income of minor children is clubbed with the income of that parent whose income (excluding minor's income) is higher. In this case, Mrs. Raja is not havin....