• Minor PAN card - portal login or viewing AIS/TDS

Hi all,
I have applied for self operated bank account for my son using Minor PAN card and Aadhar. I planned to save money in FD's thru such accounts. There is no net banking facility for minor accounts in the bank.
My question is how can I view the TDS statement or AIS statement for that PAN so that I can include it in my income in future tax returns? I am not able to register in the IT portal using minor PAN card.

Please help. 
Thanks
Asked 1 month ago in Income Tax

To access your minor child’s tax information, including TDS and AIS details, here’s a step-by-step guide to register as a representative on the Income Tax portal:

Steps to Register as Representative Assessee

  1. Log in to the Income Tax Portal:

    • Visit the Income Tax e-filing portal.
    • Log in with your credentials.

  2. Navigate to ‘Register as Representative’:

    • On the Dashboard, find the “Authorized Partners” or “Register as Representative Assessee” option.
    • Click on Create Request to start the process.

  3. Fill Out Required Details:

    • Enter your minor child’s PAN and Aadhaar details.
    • Upload necessary documents:

      • Your PAN card
      • Your minor child’s PAN card
      • Birth certificate of the minor (for age proof)
      • Any legal document if required to show guardianship

  4. Submit and Await Approval:

    • After submitting the form, wait for the approval. Once it’s processed, you’ll receive confirmation.

Accessing AIS and TDS for Minor’s PAN

After approval:


  • Log in to Your Account: Use your profile to access both your tax information and your minor child’s.

  • Select Minor’s Profile: Go to the minor’s profile under your representative account.

  • Access TDS and AIS: Navigate to the ‘Services’ section to view the TDS and AIS details for the minor’s PAN.

Reporting the Minor’s Income on Your Return

Generally, a minor’s income is clubbed with the parent’s income (the parent with the higher income), unless it's earned through specific exempt activities. Ensure TDS credits are claimed accurately on your return. This will allow you to manage and report your child’s income in future filings.

 

 

For detailed, personalized advice, consider a phone consultancy.

Hope you find the information helpful. You are free to contact me for further discussion.If you could spare two minutes of your time to write a review, It would be really grateful and very happy to read it.

Thank you.

Shubham Goyal

Shubham Goyal
CA, Delhi
354 Answers
7 Consultations

In India, when it comes to managing and tracking income related to minor accounts for tax purposes, there are specific guidelines and limitations. Since the minor's income (such as interest from Fixed Deposits) is generally clubbed with the parent’s income, here are some practical steps to help you access the TDS and AIS information for your son's minor account:

1. Accessing TDS Information and AIS Statements


  • TDS Deduction Tracking: Since banks deduct TDS on interest earned if it exceeds the threshold, you’ll likely see TDS certificates (Form 16A) issued in your son’s name. However, because minors’ PANs can’t directly register on the income tax portal, this information must be accessed indirectly through the bank or under your PAN.

  • AIS and TIS Information for Minors: The Annual Information Statement (AIS) or Taxpayer Information Summary (TIS) is generally not directly accessible for minors. Instead, the minor’s income and tax information are often included in the parent’s AIS/TIS, especially when the income is clubbed with the parent’s.

2. Steps to Ensure TDS and AIS Information is Accessible


  • Linking the Income to Your PAN: Under Indian tax rules, any income earned by a minor (unless they have their own substantial income or specified exemptions apply) is usually clubbed with the income of the parent with the higher income. Therefore, you should:

    • Inform the bank to link the income from the minor's account with your PAN for reporting purposes.
    • This ensures that TDS on interest income from the minor’s FD is reflected in your Form 26AS (the consolidated TDS statement for taxpayers).


  • Form 26AS: Check your own Form 26AS periodically through the Income Tax e-filing portal, as this is where TDS deducted on the minor’s FDs should appear if it's reported under your PAN.

3. Alternative Options to Track the Minor’s Income for Reporting


  • Quarterly Bank Statements and TDS Certificates: Since you may not have access to the income tax portal under the minor’s PAN, collect quarterly bank statements and any Form 16A issued by the bank for your records. This documentation will be useful during tax filing.

  • Manually Record and Report Income in Your ITR: At the time of filing your Income Tax Return (ITR), manually add the interest income from the minor’s FDs to your own income under the “Income from Other Sources” section.

4. In Case of a Larger Investment Plan

  • If your plan involves making substantial investments on behalf of the minor, consider consulting a tax advisor who can guide you on tax implications and ways to efficiently track income, especially if the bank does not automatically reflect this income on your Form 26AS.

Damini Agarwal
CA, Bangalore
460 Answers
31 Consultations

Hi 

It is practical to obtain Interest certificate from Banks at the end of the financial year. Most banks automatically provide it in customer's netBanking portal.

Nabin Shrestha
CA, Chennai
6 Answers

Check using your credentials

Vivek Kumar Arora
CA, Delhi
4953 Answers
1106 Consultations

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