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Chit Fund Taxaion

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student
7 Points Posted on 04 December 2020
Is amount Received from Chit Fund taxable?
Are there any exemption limit for Chit fund amount Received
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On 04 December 2020 at 19:09 Report
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574 Points Posted on 04 December 2020
Income from chit funds is taxable.
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On 04 December 2020 at 20:55
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Tax consultant
5895 Points Posted on 04 December 2020
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
57 Reply
On 04 December 2020 at 23:06


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