any person find missing girl by spending 20000
and got award of 120000
is expenditure alowable as deduction ?
and what is its taxable incom?
Menu
award
Replies (3)
other income
net 100000 will be taxable
expense allowed under section 57
Yes expenditure allowed.
Taxable income will be Rs.100000/-
Taxable income will be Rs.100000/-
Where from the award...??
It's from govt then treat as tax free (Exempted)
It's from govt then treat as tax free (Exempted)
Recent Threads
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
Related Threads
CAclubindia
