Alternative income streams

Income from other Sources Question 1.Attempt the question below:At what rate of interest on debentures of an Indian public limited company subscribed in foreign exchange by a non-resident Indian taxed? (June 2015, 1 mark)Answer:20% Question 2.Discuss whether the following receipts are chargeable to tax in the hands of the recipients;(i) Prize money of ₹ 10,000 […]