For the purpose of Dependent Family Member For Parents:
For benefit of Mediclaim/LFC
Whether income from the below sources is considered:
FD is considered towards monthly income?
Dividend ?
Longterm/ short term capital gain?
rp2050 (propreitor) 12 June 2022
For the purpose of Dependent Family Member For Parents:
For benefit of Mediclaim/LFC
Whether income from the below sources is considered:
FD is considered towards monthly income?
Dividend ?
Longterm/ short term capital gain?
Mahi Manchanda 27 June 2022
Hi,
interest earned on FD's, Dividends and Capital gains- short and long term are considered as income from other sources under the Income Tax Act, 1961 and are taxable.
So, to answer your question - yes they are considered as income.
I hope this answers your question.
Have a good day!
Sudhir Kumar, Advocate (Advocate) 22 January 2023
Income from all sources is the parameter for adjudging dependancy.
Member Strength 9,47,995 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
