About Taxable Income
This query is : Resolved
27 December 2008
If my father transfer rs. five lac to my account for the payment to contractor,then is it taxable portion for me?
27 December 2008
No, that is not taxable. But IT Deptt. can make a query in this respect and then you have to explain this. then they will also make qnquiry about your father's income.
27 December 2008
Transfer of funds from father's account to son's account is not a serious issue. But what exactly Mr Janardan means by "for...payment to contractor".
Unless Querist expreses himself clearly, it may be difficult to tender advice on the point actually required by Querist
Unless Querist expreses himself clearly, it may be difficult to tender advice on the point actually required by Querist
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
