A 3 yr old girl child lost her father in accident. She is survived by her mother. There is a proposal for remarriage of her mother. She may stay with her grand parent after her mother’s remarriage. That, however, is not certain. A PAN application is to be made in her name immediately. Whether her grand father can become a representative assessee under income tax act, though her mother is alive?
i like to do increasing my personalty, communication skills, and i currently doing job in UTI Mutual Fund.
Alternatively, if I open the accont in the name of the spouse, who is a housewife and does not have any source of Income, what would I need to fill against “Source of Income” in PAN application form, which is a mandatory entry.
Is it possible to change the minor’s name in a 15 Yr PPF Account held under my natural guardianship. If so, what is the procedure?
Can we add minor child as joint holder in bank accounts, fixed deposits and flat properties?
Pl. Answer in details : I recieved family pension of my life partner. Due to remarriage it is transfered to my child who is minor . But as a guardian , i am recieving the same on behalf my child ( daughter ) 14 yrs old. can the family pension club to my indivisual income ? or minor has to file ITR ( signed by guardian) separately if family pension and arrears if any are above the IT slab limits ?
2. if pension arrears and pay arrears of last 4 years recieved after transfered to minor’s name , the whole income treated as minor’s income ? or distribute to prev. pensioner also ( like sec. 89 ) ?