Research
This query is : Open
07 February 2011
Amount received in the name of Research Rs. 10,00,000/- ..whether it will be exempt under any section of income tax act 1961.
Amount is received from ICAI .
Amount is received from ICAI .
08 February 2011
To whom the amount is received?
Whether the assessee is notified by the taxation authorities for conducting the research?
Whether the assessee is notified by the taxation authorities for conducting the research?
Guest
Guest
(Expert)
09 February 2011
It is taxable income.
Message likes :
1 times
16 March 2011
@ Karan :-
Amount is rceived by individual.
No the individual is not notified by tax authorities.
I want ask whether it can be exempt under any su-section of Section 10 of IT Act. 1961
Amount is rceived by individual.
No the individual is not notified by tax authorities.
I want ask whether it can be exempt under any su-section of Section 10 of IT Act. 1961
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