Can income tax department attach and freeze bank accounts of minor children if the guardian in the childrens bank account 's has tax liabilities.Kindly advise.
No as per my knowledge minor''s bank account cannot be freezed,
As the a/c of minor is opened for his benefit Income of Minor is included in the hand of the parent of the minor who has the liability to pay tax on same. Thus the minor's a/c cannot be freezed the a/c of minor
No, minor is a separate person and his account cannot be attached to recover tax liability in the hands of father.
Your are not logged in . Please login to post replies
Click here to Login / Register
view more »
Our Network Sites
Join LAWyersclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.
Alternatively, you can log in using: