You can use Form 8615 to calculate your child’s tax liability on unearned income of more than $2,500. Note: Even if a child isn’t required to file a tax return, they may want to if doing so ...
Those with income above ₹5 lakh need to pay ₹5,000 as late fees. Additionally, people will be required to pay interest under Section 234A if they have any outstanding tax liability ... juridical ...