I HAVE INVESTED IN A COMPANY SUM OF RS.50000 & EVERY MONTH I USE TO GET INSTALLMENT OF RS.6250 FOR 16 MONTHS BUT IN BETWEEN COMPANY GETS BANKRUPTED I ONLY RECEIVED RS.25000 WHAT WOULD BE THE AFFECT AS PER INCOME TAX ACT,1961.
1 Replies
nitin suvarna
(C.A FINAL)
(828 Points)
Replied 06 May 2012
the returns of an investment is taxable under the act ,so accordingly calculate....................
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