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Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits

1 source · first seen 07:46 28 Sept · updated 07:46 28 Sept

The brief

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  • An 89-year-old retired principal said ₹20.33 lakh in deposits were hostel fees collected for an education society
  • He said only ₹2,251 was his own income

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1 report · earliest 07:46
MintCan money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits07:46