| Under the provisions of Section 64 (IA) of the Income Tax Act, as described elsewhere in this book, the wealth tax of a minor child (other than a disabled child) is also to clubbed under Section 4 of the Wealth Tax Act with the wealth of that parent whose wealth is higher. Where, however, the marriage of the parents of the minor child does not subsist, the clubbing of the net wealth tax of the child has to be done with the net wealth tax of the parent who maintains the minor child in the relevant previous year. |
