in computing the total income of any individual, there shall be included all such income as arises or accrues to his minor child, not being a minor child suffering from any disability of the nature specified in Section 80U of the Income Tax Act, 1961.” Sub-Section (1A) of the said Section 64 more specifically mentions that, “. Section 64 contains the various situations under which income of an individual is to include the income of the spouse, as also that of a minor child. Let us go through the provisions of the Income Tax Act to this effect and arrive at the conclusions and systematic aspects of tax planning, within the framework of Income Tax law. No one would be convinced because everyone is aware of the problems created by Section 64(1A) of the Income Tax Act, 1961, which provides for clubbing the income of minor children in the total income of the father or mother. Sujit and Shobha have two minor children and, yet their minor children’s income is not being clubbed with their individual incomes. HOW to Prevent Your Minor Child’s Income Being Clubbed with Yours Income ?
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