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Pin Money

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(Querist)
16 October 2007 Is the income from the investment of Pin Money ( of the house wives )taxable?

If so, who is the assessee?
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CA. Rayan Sequeira

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CA. Rayan Sequeira (Expert)
16 October 2007 PIN money is not taxable as its only a transfer
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CMA Gul S

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CMA Gul S (Expert)
16 October 2007 PIN Money is just a transfer and not taxable




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