chit fund
SWARNAMALYA B (285 Points)
17 July 2018
Please explain me the provisions regarding chit fund
3 Replies
rama krishnan
(12244 Points)
Replied 17 July 2018
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
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 17 July 2018
https://www.quora.com/Is-the-chit-funds-business-legal-in-India
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