Santhosh Kumar N (Accounts Executive) (67 Points)
13 January 2014Dear Sir/Madam,
Good Morning,
I want know whether Member of Legislative Council of Andhra Pradesh Salary is taxable or not. if it is not taxable please write the notification number.
CA. SURYAKANT SHARMA
(CA)
(229 Points)
Replied 13 January 2014
Hi Santhosh,
Go through this Link-https://yourfinancebook.com/salary-mp-mla-judges-taxable-india/
I hope it will clear your question.
Thanks & Regards
CA Suryakant Sharma.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 13 January 2014
Hello,
Any money received or receivable is taxable under the head income from salary only if there is employer and employee relationship exist.
Any money received from Legislative council will be taxable under the head income from other sources and not under Income from salary, it is because there is no relationship of employer and employee between member and Legislative council.
Regards,
Siddharth Bumb
Mihir
(Wealth Manager)
(5293 Points)
Replied 13 January 2014
MLA do not receive salary. Their income is taxable under the head income from other sources.
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