10-27-2004, 08:55 PM
Ok Well. It doesnt mean that classification of any income (dividend) under the head of income (Income from other sources) has no concern with its taxability under Presumtive Tax Regime (PTR). In other words income falling under any of the heads of income can be reclassified in respect of its taxibility e.g under PTR or NTR.
Dividend falling under income from other sources is a separate block of income hence, it shall not be included in the computation of taxable income, in order to derive taxable income chargeable under NTR. So thats why dividend is not included in total income for the purpose of computation of taxable income chargeable under NTR
Dividend falling under income from other sources is a separate block of income hence, it shall not be included in the computation of taxable income, in order to derive taxable income chargeable under NTR. So thats why dividend is not included in total income for the purpose of computation of taxable income chargeable under NTR
