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Thread on Taxation and Tax Planning through Minor’s Income
We will see:
👉🏻PAN & ITR filing of Minor
👉🏻How Clubbing of Income happens?
👉🏻Taxation of Minor Income
👉🏻Tax Planning
@Spaysocial @investyadnya @AdeParimal @gaurav28jain #minor #TaxTwitter #taxplanning
We will see:
👉🏻PAN & ITR filing of Minor
👉🏻How Clubbing of Income happens?
👉🏻Taxation of Minor Income
👉🏻Tax Planning
@Spaysocial @investyadnya @AdeParimal @gaurav28jain #minor #TaxTwitter #taxplanning
Q. Can minor apply for PAN?
Absolutely yes, Income Tax Act does not bar minors from applying to PAN. Even today’s born baby can also apply for PAN.
There is no age limit for applying for PAN.
Absolutely yes, Income Tax Act does not bar minors from applying to PAN. Even today’s born baby can also apply for PAN.
There is no age limit for applying for PAN.
Q. Can Minor file his ITR?
Yes again. There is no provision in income tax act which says minor cannot file his ITR.
Income tax return can be filed by his representative also.
#incometax #IncomeTaxReturns
Yes again. There is no provision in income tax act which says minor cannot file his ITR.
Income tax return can be filed by his representative also.
#incometax #IncomeTaxReturns
