Clubbing provisions of minor’s income in case of a divorce: Introduction: 1. Under the Income Tax Act, 1961, a minor’s income is generally clubbed with the income of the parent under Section 64(1A), whose total income is higher. 2. An exception is made if the minor has a disability (as per Section 80U) or…
The post Clubbing provisions of minor’s income in case of a divorce: appeared first on The Tax Talk.
