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chit fund
Please explain me the provisions regarding chit fund
Replies (3)
if the contribution is made in chit funds for the purpose of business, then if there's loss, it can be claimed as expenses and if there's any profit then the same required to be offered as income
https://www.quora.com/Is-the-chit-funds-business-legal-in-India
50000 rs for 15 months
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