19 March 2013
if i receive money lying on road will it be taxable under the head ibcome from other sources. what will be the rate applicable? slab rate? thank you
first of all congrats for such a graciousness of god..
dear you will be charged normal slab rates of tax.. but you must satisfy income tax officer regarding it otherwise he will treat it unexplained cash credit and in that case 30% tax will be charged..
CAclubindia
