What about income tax when got credited ₹4000000 (40l)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 October 2017
I invested one of well known private company of ₹4000000 (40L). I got profit of 40L. Company is following RBI guidelines and Paying GST and other taxes. Do I need to pay tax of profit/return for 40L which I got Credited in bank account. Please suggest and inform what should I do needful
02 November 2017
ask the company to share the details for "how they have accounted for these transactions" - the accounting accounting could vary from interest income, debenture redemption, professional income etc.
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