Income from other Sources
This query is : Resolved
03 February 2010
Dear Sir/Madam,
My name is Jaysing Chougale i m located in Kolhapur. I want one advice from you. My friend name is Suresh his Business income Rs.10,00,000 p.a. and he earns extra income 10,00,000 p.a.from other sources. But question is that he has not any type of record of income from other sources. Hence he wants to know that it is possible to show that other sources income and what will be that procedure.
Please co operate us and take into consideration.
My name is Jaysing Chougale i m located in Kolhapur. I want one advice from you. My friend name is Suresh his Business income Rs.10,00,000 p.a. and he earns extra income 10,00,000 p.a.from other sources. But question is that he has not any type of record of income from other sources. Hence he wants to know that it is possible to show that other sources income and what will be that procedure.
Please co operate us and take into consideration.
03 February 2010
Income nature only to decide the Head or source of income
04 February 2010
yes!! the source is required to decide it's nature & under which head it will be taxable
04 February 2010
By enlarging his income base your friend will be able to increase his capital which any prudent businessman needs to raise resources Check out back up documentation for income from other sourses to avoid attraction S 68 provisions
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