FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

How investments in the name of minors are taxed?

Investment in the name of the minor child is not tax-free.

Any income arising from shares and mutual fund investments made in minor’s name will be added in the total income of the parents i.e., the father or mother who is earning more. And will be taxed as per the applicable tax slab.

Answered on

I Like It.

  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

User Reviews