following income taxable under which head
This query is : Resolved
09 December 2010
Income from owning and maintaining race horses is taxable under which head of income and at what rate?
10 December 2010
Income from owning and maintaining race hprses is taxable under the head Income from Other Sources. It is taxed on normal slab rate basis.
13 December 2010
i disagree.
it will be taxable under PGBP.
wining from horse race is taxable under other sources not income from owning and maintaining horse races as in this case it will be business income of assessee not his casual income.
it will be taxable under PGBP.
wining from horse race is taxable under other sources not income from owning and maintaining horse races as in this case it will be business income of assessee not his casual income.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- 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
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
