Sanchit (CA & CS FINAL ) (96 Points)
07 February 2011
what is the criteria for taxability of income of MP'S /MLA
whather they are given more relaxation than individuals of general category
how would you calaculate tax liability of an MP/MLA who is getting 50000/- p.m as salary and 1.5 lac per annum from house prop income and around Rs.1 lac from other sources
pls give the reuired clarifications
Himanshu
(Student)
(94 Points)
Replied 07 February 2011
i think salary recd by chor ppl (mp / mla) is taxable under income from other sources as der is no direct employee-employer relationship of them with d govt ... rest will go under respective heads of income... taxability of the same depends on the relevant assessment year
CAclubindia
