is income received rom chit fund is tasxable or not

Tax queries 1072 views 2 replies

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

regards

Harish

Replies (2)

The entire amount is taxable. 

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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