Newsletter Subject

Child’s Earnings will have to be Disclosed in ITR

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unqiueindia.com

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newsletter@unqiueindia.com

Sent On

Mon, Jul 31, 2023 05:00 AM

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[Will parents have to file ITR on child’s property? According to the rules of the Income Tax De

[Will parents have to file ITR on child’s property? According to the rules of the Income Tax Department, the income of a minor child or the money received as a gift, property, investment etc. comes under the ambit of tax. Under Section 64 (1A) of the Income Tax Act, the money of children below the age of 18 years will be clubbed with the parent’s income tax return. This means that the father will have to file ITR on the income or property of the child. If your son or daughter is not an adult and they earn through YouTube, social media or their talent, hobby or any investment, then it is necessary for parents to file income tax return on their earnings. If this is not done,..]( [Read More...](   [Unsubscribe]( Â

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