P.M.'s salary is taxable under the head other sources...
Preety
( CA FINALIST.....)
(36 Points)
Replied 24 September 2010
P.M.'s salary is taxable under the head other sources...
CA.G.Muguntha Narayanan
(Internal Auditor at TVS Motors)
(2195 Points)
Replied 24 September 2010
Dear Valli,
There is no difference between salary of MP and PM. Hence, the circular equally applies to the salary of PM also, and hence its taxed under IFOS