Huge money received legally by financially weak person for organ donation ....it cover under which head of income? and what is the tax treatment?
please anyone clarify the questions.
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Head of Income
Replies (6)
it's IFOS..... as it's can't be taxed under any other head
thanks for the information
you are welcome 🙂
Ifos - section 56(2)
Yes it is chargeable under IFOW
It's Income from other sources.
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