Sec 40a(3)

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8 Points Joined November 2016
Does section 40a(3) is applicable to trust when the income is taxed under income from other source head
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On 21 September 2020 at 14:35 Report
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3235 Points Joined August 2009
No, 40A(3) is applicable for business income
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On 21 September 2020 at 16:16
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155 Points Joined March 2018
This section provides the IT relates the profits or gains of any business or profession. The income from other sources relates to IT levied from Fixed deposits and others.
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On 21 September 2020 at 17:20


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