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Head of Income

Final 301 views 6 replies
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73 Points Posted on 18 January 2019
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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On 18 January 2019 at 23:53 Report
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Assistant
1095 Points Posted on 19 January 2019
it's IFOS..... as it's can't be taxed under any other head
5 Reply
On 19 January 2019 at 00:04
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73 Points Posted on 19 January 2019
thanks for the information
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On 19 January 2019 at 00:36
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Assistant
1095 Points Posted on 19 January 2019
you are welcome 🙂
5 Reply
On 19 January 2019 at 09:39
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Ca final
1767 Points Posted on 19 January 2019
Ifos - section 56(2)
1 Reply
On 19 January 2019 at 10:02
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Student
3549 Points Posted on 19 January 2019
Yes it is chargeable under IFOW
15 Reply
On 19 January 2019 at 11:15
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Student CA Final
12692 Points Posted on 19 January 2019
It's Income from other sources.
70 Reply
On 19 January 2019 at 23:46


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