Taxability
This query is : Resolved
VENKATESH RAO
(Querist)
06 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 today.
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 today.
Nikhil Kaushik
(Expert)
07 June 2014
income from other sources in all probability. if she has no other income, there wont be any tax liability as total income is less than 2 lakhs
07 June 2014
yes it will be income from other sources only in this case..........
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