Taxability
This query is : Resolved
05 June 2014
In a problem of my daughter,s B.Com. exam, under the head-income from other sources following detail appeared.
VALUE OF GOLD CHAIN FOUND ON STREET Rs.30000/=
How to compute it? Is it liable to be accounted for and taxable? Pl. guide. Exams tomorrow.
VALUE OF GOLD CHAIN FOUND ON STREET Rs.30000/=
How to compute it? Is it liable to be accounted for and taxable? Pl. guide. Exams tomorrow.
08 June 2014
account for the same as income from other sources. if the total income during the year is less than exempted limit, then no tax is payable.
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