I want to know whether Pension income of a MLA and Ex MLA is taxable or exempt with the source of answer. Its very urgent.
CA Pooja Jain (Practice) (88 Points)
01 September 2012I want to know whether Pension income of a MLA and Ex MLA is taxable or exempt with the source of answer. Its very urgent.
Varun Kumar S K
(Student)
(318 Points)
Replied 01 September 2012
Yes. Pension income received by MLA is taxed under the head " Income from other sources"
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)
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