Sona is 15 years of age. She has income of ₹ 1,75,000 from interest on deposits. Sona’s parents died in an air crash. She is now looked after by Mr. X, her maternal uncle and also her guardian. Sona’s income will be:
A. Clubbed in the hands of Mr. X
B. Exempt from tax
C. Return will be filed by Mr. X on behalf of Sona
D. Taxed when Sona will attain majority.
Answer:C
Sona is 15 years of age. She has income of ₹ 1,75,000 from interest on deposits. Sona’s parents died in an air crash. She is now looked after by Mr. X, her maternal uncle and also her guardian. Sona’s income will be:
A. Clubbed in the hands of Mr. X B. Exempt from tax C. Return will be filed by Mr. X on behalf of Sona D. Taxed when Sona will attain majority.