Each member of the family will be charged separately on his or her income. There are, however, certain exceptions as stated in section 64 of the Income-tax Act.
The income arising to the spouse of an individual directly or indirectly from assets transferred directly or indirectly to the spouse by such an individual other than for adequate consideration or in connection with an agreement to live apart shall be included in the income of the individual.
All incomes of a minor above Rs.1,500 shall be included in the income of that parent of the child whose total income excluding the minor's income is greater.
For details, log on to www.incometaxbangalore.org
Source: DNA Bangalore, Page 4, 21-Nov-2009
The income arising to the spouse of an individual directly or indirectly from assets transferred directly or indirectly to the spouse by such an individual other than for adequate consideration or in connection with an agreement to live apart shall be included in the income of the individual.
All incomes of a minor above Rs.1,500 shall be included in the income of that parent of the child whose total income excluding the minor's income is greater.
For details, log on to www.incometaxbangalore.org
Source: DNA Bangalore, Page 4, 21-Nov-2009
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