Incomes of two minor children are included in the income of their father. Father is entitled to exemption u/s 10(32) upto —

CS Executive · Tax Laws and Practice · PYQS · December 2014
Incomes of two minor children are included in the income of their father. Father is entitled to exemption u/s 10(32) upto —
(A) ₹1,500
(B) ₹1,000
(C) ₹3,000
(D) ₹2,000.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) ₹3,000. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Income Tax Act, 1961

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