Chit dividend
This query is : Resolved
07 February 2011
Total Chit Value Rs.500,000/-
Monthly Subscription Rs.10000/-
But Payments are paid like this
mth.sub. Dividend.
10000 0
6500 3500
6500 3500
10000 0
6500 3500
6500 3500
in this way payments are made.Now for the AY 2010-11 dividends are taxable or not?
Monthly Subscription Rs.10000/-
But Payments are paid like this
mth.sub. Dividend.
10000 0
6500 3500
6500 3500
10000 0
6500 3500
6500 3500
in this way payments are made.Now for the AY 2010-11 dividends are taxable or not?
08 February 2011
You can show the premium as investment and calculate net dividend as profit/loss at the time of maturity, if dividend is possitive then show Devidend Earned as income in your P&L, otherwise show in P&L A/c as Dividend Paid in exp. side.
Message likes :
1 times
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- 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
