Other income
This query is : Resolved
03 August 2014
please tell me anyone why salary of prime minister is taxable as other income...because it is not employer employee realtion...k other reason...
03 August 2014
MP and MLA are not employed by any body, rather they are elected by the public, their remuneration cannot be said to be salary within the meaning of section 15, such income shall be taxable under the head income from other sources as consequent to election they acquire constitutional position and discharge functions and obligations [CIT v Shiv Charan Mathur (2008) 306 ITR 126 (Raj)]
04 August 2014
it is taxable under the income from other sources.
04 August 2014
taxable as income from other sources,
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