ITO Section 91 | Income of a minor child.

ITO Section 91

Income of a minor child.

(1) Any income of a minor child for a tax year chargeable under the head "Income from Business" shall be chargeable to tax as the income of the parent of the child with the highest taxable income for that year.

(2) Sub-section (1) shall not apply to the income of a minor child from a business acquired by the child through an inheritance.

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Explanation of ITO Section 91

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Detail of ITO Section 91

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