Income tax on money lying in road etc
This query is : Resolved
Vicky Khiyani
(Querist)
19 March 2013
if i receive money lying on road will it be taxable under the head ibcome from other sources. what will be the rate applicable? slab rate? thank you
CA. PIYUSH GOEL
(Expert)
21 March 2013
dear vicky..
first of all congrats for such a graciousness of god..
dear you will be charged normal slab rates of tax..
but you must satisfy income tax officer regarding it otherwise he will treat it unexplained cash credit and in that case 30% tax will be charged..
first of all congrats for such a graciousness of god..
dear you will be charged normal slab rates of tax..
but you must satisfy income tax officer regarding it otherwise he will treat it unexplained cash credit and in that case 30% tax will be charged..
Vicky Khiyani
(Querist)
21 March 2013
thank you i didnt receive the money it was just a ques that was running around my mind (:
thank you.
thank you.
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