Sir, Thanks for the great info. I have one question. If we invest in equity mutual funds in the name of a minor, while I withdraw it after the minor turns 18, will they have to pay 10 % tax on gains above 1 lakh which is the LTCG on equity?
Thanks for the information sir ji... Agar mai bacche k nam se pan khol kar demat me shares ya etfs sip karta rahu aur after he is getting adultI I'll withdraw.. The amount will taxable according to his income slab.. Right sir..! But that time I'm also retired person.. So which is best plz tell me❤🎉
Can a business be started in the name of a minor ? Whether income from such business will be passive or active ? Will it be considered as active income ?
Thanks. But, what limit is set for gifts to minor ? Upto what amount can a minor receive gift ? Is 50k a cap for the gift for an annual year ? Can mother and father each separately gift to their minor child?
Yadnya always surprise viewers by quality of knowledge provided. This group has no parallel in India.
Thanks
Excellent clearcut
Sir, Thanks for the great info. I have one question. If we invest in equity mutual funds in the name of a minor, while I withdraw it after the minor turns 18, will they have to pay 10 % tax on gains above 1 lakh which is the LTCG on equity?
Obviously yes
Can gifts received my minor be invested in stock market and later years LTCG be taxed in the hands of minor
Can minor invest in elss under 80c will the minor get additional deduction of 150k under 80c other than parents
Wonderful 👏👏👏
Good morning sir very informative video. Scholarship comes under active or passive income or exempt income?
Plz reply
Nice information Yogesh Sir
Hi Sir Great Video. Can we file an ITR with zero income for minor?
Thanks for the information sir ji...
Agar mai bacche k nam se pan khol kar demat me shares ya etfs sip karta rahu aur after he is getting adultI I'll withdraw.. The amount will taxable according to his income slab.. Right sir..! But that time I'm also retired person.. So which is best plz tell me❤🎉
Good information
Sir I have a doubt ,will there be tax exemption if father send money to his minor child(no investment)?
Please Reply❤.
Sir as a father can I invest 1.5L in my account and 1.5 L in my minor sons account in PPF every year?
No
@@vineetu8121 can I invest in both the accounts in case I am not claiming sec 80c by investing in PPF?
Yes,you can I think
Can a business be started in the name of a minor ? Whether income from such business will be passive or active ? Will it be considered as active income ?
Sir, बच्चे के सेविंग अकाउंट में 1 लाख ज़मा है। वो अपने नाम से demat account ओपन करके ट्रेडिंग करता है। उस income पर टैक्स कैसे लगेगा।
Thanks. But, what limit is set for gifts to minor ? Upto what amount can a minor receive gift ? Is 50k a cap for the gift for an annual year ? Can mother and father each separately gift to their minor child?
Even I have the same doubt
Same doubt
Waiting a reply on this...
Please clarify sir
Gift from direct blood relatives, such as father or mother anyway have no limit. The 50k limit is gifts only from others and yes it’s every year..
You are wrong & that too very basic lavel. Try to register minor PAN & see what income tax portal says. Minor can't file his own return.