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Minor's income and tax implications in India
The article discusses the tax implications for minors with significant income, such as 15-year-old Vaibhav Sooryavanshi who has Rs 7 crore. Tax experts explain that India's Income Tax Act includes "clubbing provisions" that add a minor child's income to the income of the parent who earns more.
4 Jun, 10:03 — 4 Jun, 10:03
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