Chit dividend

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kiran (Querist)
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02 February 2011 Dividend Earned on completion of Chit is taxable or exempted in the hands of subscriber? please clarify.

Guest

Guest (Expert)

02 February 2011 It will be taxable. Please explain if there is special character this dividend

kiran (Querist)
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18 February 2011 suppose if i have not invested the bid amount in business and not having any business income. what is the position?

Guest

Guest (Expert)

18 February 2011 If you don't have taxable income, you need not to bother.

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