A minor's income is generally clubbed in the hands of the parent (mother or father whose total taxable income
is higher) for computing the total income and taxes thereon. However, where the child is earning the income from an activity involving the application of his skill, talent, specialised knowledge or experience, the clubbing provisions do not apply. In such a case, the minor child is required to apply for a PAN and file his return independently. Rule 114 of the Income Tax
Act mentions that in case of a minor applying for a PAN, documents of any of the parents or the guardian of such minor will be deemed to be the proof of identity and address. Hence, in your case, you can apply for your child's PAN and accordingly sign his return of income as a representative assessee. Also, any investments done out of the income he has earned may be considered for claiming eligible deductions in computing his taxable income
and due taxes thereon.
from a house property
is liable to tax in the hands of the owner of the property. Hence, the rent credited in your bank account is liable to tax in the hands of your father considering he is the owner of the property. Another question arises is how are you treating the rent in your bank account? Is it transferred to your father or the same is treated as a gift. In any case where it is treated as a gift, the same is not taxable in your hands. Gifts from close relatives are not taxable in the hands of recipients. It would be proper if your father receives the rent in his bank account. Otherwise, you will unnecessarily need to explain the transactions to the tax authorities when questioned. Pay attention to the other factors such as rental agreement with the tenant and whether there is any withholding of tax at sources by the tenant? Carefully maintain the records related to the rental income, such as rental agreement, proof of ownership of the house, documenting the understanding between you and your father as to whether the rent is treated as a gift or loan to you and also a confirmation to that effect, etc.