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How income of minor is taxed? |
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Answer» As regards a minor child, the income of a minor after giving exemption up to Rs. 1,500 per minor child will be clubbed with the income of that parent who’s Total Income, before clubbing such income, is greater. However, there are certain incomes which are not to be clubbed. Such income of the minor, which is not to be clubbed, will be assessable in the hands of the representative assessee on behalf of the minor. |
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