Clubbing and gift under head other sources
Parul Gunecha (Student) (75 Points)
05 June 2015Parul Gunecha (Student) (75 Points)
05 June 2015
dig vijay
(ok)
(151 Points)
Replied 06 June 2015
Parul Gunecha
(Student)
(75 Points)
Replied 06 June 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 07 June 2015
Parul Gunecha
(Student)
(75 Points)
Replied 07 June 2015
Aditya Sharma
(finance advisory)
(377 Points)
Replied 10 June 2015
First of all, Divident Income is exempt.
Secondly, ASSUMING dividend income is taxable to clarify your doubt , it will be clubbed in your hands as it is transfer of income without transfer of assets. Moreover even if it exceeds 50,000 than in the hands of receiver (ur friend) it will not be taxed as it is already clubbed in your income. NO income shall be DOUBLY TAXED.
Parul Gunecha
(Student)
(75 Points)
Replied 11 June 2015
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)