Economy, asked by manyamehra067, 3 months ago

explain the provisions relating to clubbing of income of a minor child under section 64​

Answers

Answered by Anonymous
5

Answer:

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 having any income and, hence, if any income is to be clubbed then it will be clubbed with the income of Mr. Raja.Clubbing of income, means addition of income of other in the gross total income of a person, while computing his/her taxable income. Generally, it is applicable in family. Income of a spouse, child may be clubbed with income of major earner of the family.

Clubbing of Income of a Minor Child in the hands of Father or Mother

Certain incomes of Minor Child Taxable in the hands of Minor Child only:

When Clubbing of Income of Minor Child is not Attracted

Exemption under Section 10(32) in case of Clubbing of Income of a Minor Child

Explanation:

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