Tax liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2011
RAM MURTY, A BEGGAR, BEGS MANEY FROM PEOPLE AND HE IS ABLE TO COLLECT A SUM OF RS. 256000/-
TELL ME IN WHICH HEAD HIS INCOME WILL BE TAXABLE.
IS INDIAN GOVERNMENT ALLOWS ANY EXEMPTION TO THESE TYPES OF BEGGARS.
TELL ME IN WHICH HEAD HIS INCOME WILL BE TAXABLE.
IS INDIAN GOVERNMENT ALLOWS ANY EXEMPTION TO THESE TYPES OF BEGGARS.
30 November 2011
Beggars income is coming out through a vocation.
Section 2(36) defines as "profession" includes vocation.
You can show his income under the head Income from Business & Profession.
.
Indian Govt does not allow any exemption to
any type of beggars as it do not want to promote such activity.
.
Section 2(36) defines as "profession" includes vocation.
You can show his income under the head Income from Business & Profession.
.
Indian Govt does not allow any exemption to
any type of beggars as it do not want to promote such activity.
.
Message likes :
1 times
02 December 2011
Sir, this is very awesome answer and i would like to thank you once again..
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2011
dear paras bafna,
if a person works for whole night and earns (business) rs.200000/- and in day he beags maney from people. his income from that source is rs.150000,
what would be ur answer
if a person works for whole night and earns (business) rs.200000/- and in day he beags maney from people. his income from that source is rs.150000,
what would be ur answer
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