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is income received rom chit fund is tasxable or not


harish .k (STUDING)     11 July 2010

harish .k
STUDING 
 28 likes  306 points

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hi, every one i have a query regarding taxability of income from chit fund is fuly taxable or not , pls reply

regards

Harish

avater

vishnupriya (CA Final)     12 July 2010

vishnupriya
CA Final 
 150 likes  1418 points

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The entire amount is taxable. 

avater

harish .k (STUDING)     12 July 2010

harish .k
STUDING 
 28 likes  306 points

View Profile | My Other Post

hi, vishnu priya

thanks for ur reply , can u provide any specific section for taxability , & can we  can claim exp from the income of  chitfund

regards

Harish


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