Will NRI child's bank interest be clubbed?

My minor son moved to the US last year for studies. I had gifted him money, which was credited to his US bank account, where I'm recorded as the custodian. This year, a portion of the unused fund was placed in a short-term deposit in the US, of which some were repatriated to his NRE account in India. Will the interest income from both these accounts be clubbed with my income?

- Harshal Bhuta

The law stipulates that total income must be computed in the hands of the minor separately, and only then clubbed with the income of the parent who has the higher total income between both spouses. This means that, prior to clubbing, aggregate income that accrues, arises, or is received by the minor must be determined in accordance with the applicable provisions of the Income Tax Act, 1961—including those dealing with scope and chargeability of income—before it is ad