Taxability
This query is : Resolved
sandip vasudev gandhe
(Querist)
30 June 2018
income from ancesstral receipts worth 10 lakhs
CA R SEETHARAMAN
(Expert)
01 July 2018
Not taxable. Income earned out of ancestral receipt taxable.
Message likes :
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sandip vasudev gandhe
(Querist)
01 July 2018
Thanks sir, may I show these receipts in other income.
CA R SEETHARAMAN
(Expert)
02 July 2018
Not taxable case show it in exempt income.
sandip vasudev gandhe
(Querist)
02 July 2018
Thank you very much sir
CA R SEETHARAMAN
(Expert)
02 July 2018
Welcome..,.................
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