Income from other sources
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 June 2014
Rs.50000 amount mentioned in section56(2)(Vii) of income tax act 1961 only inrespect one receipt or aggergate of all receipts received during the year.
2.4.13-i received rs.45000
3.4.13-15000
Am i liable to include 60000 under IOS or not
2.4.13-i received rs.45000
3.4.13-15000
Am i liable to include 60000 under IOS or not
26 June 2014
total received during the year...so in this case whole of 60000 shall be taxable.
26 June 2014
Rs. 60000/- will taxable under income from other sources
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