Taxable
This query is : Resolved
Nikhil Kaushik
(Expert)
16 April 2014
is taxable as income from other sources under section 56(2)(viii)
you get 50% deduction as expense under section 57(iv)
you get 50% deduction as expense under section 57(iv)
Sandeep Dharar
(Expert)
16 April 2014
Taxable u/s 56(2)(viii).
Deduction - 50% of Exp. u/s 57(iv)
Deduction - 50% of Exp. u/s 57(iv)
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