Where the income of an individual includes any income of his minor child as per section 64(1A) of the Act; such individual shall be entitled to claim exemption of a certain amount (not exceeding the income clubbed) as pe

CS Executive · Tax Laws and Practice · PYQS · December 2020

Where the income of an individual includes any income of his minor child as per section 64(1A) of the Act; such individual shall be entitled to claim exemption of a certain amount (not exceeding the income clubbed) as per section 10(32). The amount of exemption available is ______.

(A) ₹1,500 in respect of each minor child

(B) ₹1,500 in respect of each minor child but maximum of two children

(C) ₹2,000 in respect of each minor child

(D) ₹3,000 in respect of each minor child

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Clubbing of Income

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Where the income of an individual includes any income of his minor child as per section 64(1A) of the Act; such individual shall be entitled to claim exemption of a certain amount (not exceeding the income clubbed) as pe

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