Who is Responsible for Paying Tax on Children's Earnings? Watch Video To Know More | Paisa Live
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Updated at:
09 Jul 2024 10:32 AM (IST)
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View In AppA minor can have two types of income. First is the acquired income, which he has earned himself and second is the income which he has not earned, but the ownership rights of the child remain. If the child earns through any competition or reality show, through social media or in any other way, then it is considered as his acquired income. Paisa Live is your one-stop destination to know how to invest. We also teach you the stock market and the stock exchange basics. From what is share market finance, how stock markets work. We also work on making you financially educated in personal finance, and mutual funds. So, that you can get full value of your Paisa. As that is the objective of Paisa Live.