A married 17-year-old daughter earns taxable interest of ₹40,000 on a bank deposit made from her own savings gifted to her years earlier. Her parents are married to each other; her father's total…
Question and options
A married 17-year-old daughter earns taxable interest of ₹40,000 on a bank deposit made from her own savings gifted to her years earlier. Her parents are married to each other; her father's total income is ₹18 lakh and her mother's is ₹9 lakh. In whose total income is the interest included under section 99 of the Income-tax Act, 2025?
Her own total income, as she is married
Her husband's total income
Her father's total income
Her mother's total income
Answer and explanation
Section 99(1)(c) includes a minor child's income in the parent's total income, and section 99(5)(b) picks the parent whose total income before inclusion is greater while the parents' marriage subsists, here the father. The section makes no exception for a married minor daughter, so marriage does not make the interest her own taxable income, and nothing in section 99 clubs it with her husband's income.
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