Is amount Received from Chit Fund taxable?
Are there any exemption limit for Chit fund amount Received
Menu
Chit Fund Taxaion
Replies (2)
Quick Summary
Income from chit funds is taxable.
The dividend income earned per month is neither tax deductible nor taxable.the overall income is taxable as income from other sources
the overall loss can be claimed as business loss
here the difference between the money invested and the money he got from it is considered as income or loss
the overall loss can be claimed as business loss
here the difference between the money invested and the money he got from it is considered as income or loss
Recent Topics :
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
Related Topics :
CAclubindia
