Rajkamal has four minor children (2 daughters and 2 sons). The annual income of two daughters was ₹9,000 and ₹4,500 and of two sons was ₹6,000 and ₹4,000 for the financial year 2019-20. The income does not accrue or aris

CS Executive · Tax Laws and Practice · PYQS · December 2020
Rajkamal has four minor children (2 daughters and 2 sons). The annual income of two daughters was ₹9,000 and ₹4,500 and of two sons was ₹6,000 and ₹4,000 for the financial year 2019-20. The income does not accrue or arise to any of the minor children on account of any manual work done by them or activity involving application of their skill, talent or specialized knowledge and experience. The daughter who has income of ₹4,500 was suffering from a disability specified under section 80U. The amount of income earned by all the minor children to be clubbed as per section 64(1A) of Act in the hands of Rajkamal for the assessment year 2020-21 is ______.
(A) ₹23,500
(B) ₹14,500
(C) ₹17,500
(D) ₹19,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Clubbing of Income

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