Need A Financial Product Forums Tax Savings Can tax be saved by taking PAN card for minor Can-tax-be-saved-by-taking-PAN-card-for-minor_REPLY


It is true that people get PAN card for their minor child because for most of the investments, PAN card is necessary even for a minor investor. Coming to tax savings through this ? it is not possible. Whatever an investment on minor’s name earns will be clubbed to the income of the higher earning parent of the minor and the said parent will have to bear tax on it.

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Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


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