Getting family pension on minor’s name ( 14 yrs old ).?

by admin on December 12, 2011

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Is it Clubbing provision applicable ? to club the total income in Guardian’s Income for paying tax ? or treated as independaent minor’s income..?



+Admin



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subasu December 12, 2011 at 11:44 am

A guardian is a trustee for moneys received by him for and on behalf of the Minor. Clubbing provisions will not be applicable in such a case. The minor himself will be considered a taxable person as far as family pension is concerned..

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ThunderWave Events December 12, 2011 at 11:44 am

See if this site is of any help to you.

http://www.providentfundstatus.org/

Good Luck…

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