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This is either unclear or not possible
by NASAman on Jul 10, 2008 01:45 PM   Permalink | Hide replies

First of all how can Mr.Zerotaxwala divide his inocme or Rs.13.1 lacs and show it as
- 2.5 each for all four members and
- Remaining for fifth member.
This is impossible - how can he show incomes for wife and children who are his dependants. Where can they earn income from - from what source ?
Please dont write these articles unless the content has been reviewed thoroughly

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  RE:This is either unclear or not possible
by ranbir singh kochar on Jul 10, 2008 02:40 PM   Permalink
It is for an HUF(Hindu undivided family). Hence it is correct


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  RE:This is either unclear or not possible
by atanu on Jul 10, 2008 01:59 PM   Permalink
hehhehehe

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The above message is part of the Discussion Board:
Family income of Rs 13.10 lac & zero tax