Chit dividend
This query is : Resolved
02 February 2011
Dividend Earned on completion of Chit is taxable or exempted in the hands of subscriber? please clarify.
Guest
Guest
(Expert)
02 February 2011
It will be taxable. Please explain if there is special character this dividend
18 February 2011
suppose if i have not invested the bid amount in business and not having any business income. what is the position?
Guest
Guest
(Expert)
18 February 2011
If you don't have taxable income, you need not to bother.
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