Dear All,
Please guide me in following matter:
One minor has received plenty of funds from LIC due to the death of his both of the parents. At present the said minor child is under the guardianship of his maternal uncle. The amount of funds so received is proposed to be invested in bank FDRs. In whose income this interest income would be clubbed. Whether, in such case, since due to the death of the both of the parents, can return of the minor be filed through any representative assessee without attracting the clubbing provisions u/s 64(1A).
I shall be very thankful for the kind guidance in the aforesaid matter.
With Regards.
CA. Piyush Jain (Rishikesh)
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