IT Notification 05/2017 : Income of minor to be assessed in his own hands

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CBDT has clarified that income of the minor whose both the parents have died shall be assessed in his own hands. It was brought to the notice of CBDT that deductors have been clubbing the income of such minors, deducting TDS and issuing TDS certificates to grandparents.In such cases, board has clarified that income shall be assessed in the hands of minor and income tax return shall be filed by him through his guardian.

Under sub-rule (5) of Rule 31A of the Income-tax Rules, 1962, the Director General of Income-tax (Systems) is authorized to specify the procedures, formats and standards for the purposes of furnishing and verification of the statements or claim for refund in Form 26B and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements or claim for refund in Form 26B in the manner so specified.

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