Income accruing or arising in the hands of minor is added to parent’s total income

SIBI Joy Vs ITO (TDS) (Kerala High Court) Kerala High Court held that provisions of section 64(1)(v) of Income Tax Act clearly states that income accruing or arising in the hands of a minor child will be added to the parent’s total income. Facts- The writ petition has been filed challenging order of the 1st respondent and order of the 2nd respondent. According to the petitioners, the income (interest on fixed deposits) accruing to the 2nd petitioner – a minor – cannot be clubbed with the income of the 1st petitioner and that tax at source cannot be deducted in respect of the ...