Other income

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Harshil (Querist)
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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...

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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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)]

Rupesh Jain

Rupesh Jain (Expert)
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04 August 2014 it is taxable under the income from other sources.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 August 2014 taxable as income from other sources,

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