Funny tax question

exemption limit per person = 2 kidneys

i dont understand why u r behind kidney

Originally posted by : VISHAL SINGH
	i dont understand why u r behind kidney

Hahahahaha...Really funny...After this post Income Tax Authority need a rethink on Tax Laws...

Income from other source

how to apply "eunuch" person's pan card. means gender kya likhe?  

how to apply eunuch (hinjara) person's pan card. means gender kya likhe?  

Dear ,

Please understand Income Tax , Income tax does not goes in to income illegal ot not.. when you earn something befor classified head of income , go look at sec 2 Income defination which exustevely defined wheather this condition is satisfied, then proceed for classification of income . 

However , prople is saying income illegal or etc, i can assure that it is matter of fact. we are in india please let juridication define which income is illegal or vice versa.

THANKS 

sANDESH jADHAV

No body can value the price of kidney donating  the kidney is his personal we cant say its value is Rs 50 lacs or 1 cr., the value of kidney is infinity so its not a capital gain so how much he took by selling his kidney  its not taxable

Originally posted by : rahul rai
	according to income tax act, any kind of income (except those exmpted by law) is taxable.. it has nothing to do with its legality or illegality.... so its taxable under income from other sources...

I agree with this

In my opinion, even though sale of kidney is illegal, it is taxable under income from other sources. I think, it is not a capital asset and thus would not attract capital gain.

Really This very funny questions, i ever seen this type of questions in CCI

what a question.i had never thought of this way.thanks for sharing such a question and for such awesome answers.

kidney,suppose considered for business, its personal effects excluded from capital assets like wearing apparel.This business is illegal.But,Income doesnot matter whether it is legal or illegal.So this is exempt income as per me.

nice quary

its fall within the scope of ifos!!!!! 

so taxable under the head ifos