Easy Office
Easy Office

income tax for retired person

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
12 January 2011 My father is a pensioner & he wants to open a trading account .what are the tax implications for the profits earned by him.does the pension will be counted as income and if no ,profit from trading is liable for return filing.
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
12 January 2011 Pension income is taxable.

If gross total income exceeds the exemption limit then return filing compulsory.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links