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![Participation in Chit Fund for Raising Fund: Difference b/w Subscription Amount Paid and Prize money received allowable as Income/Loss, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Chit-Fund-Income-Loss-ITAT-Taxscan.jpg "Participation in Chit Fund for Raising Fund: Difference b/w Subscription Amount Paid and Prize money received allowable as Income/Loss, rules ITAT [Read Order]")
Participation in Chit Fund for Raising Fund: Difference b/w Subscription Amount Paid and Prize money received allowable as Income/Loss, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that when the assessee participated in chit funds for raising funds for the purpose of...
![No GST applicable on Prize Money / stakes in absence of Supply: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Prize-Money-stakes-GST-Taxscan.jpg "No GST applicable on Prize Money / stakes in absence of Supply: AAAR [Read Order]")
![Prize Money from Horse Race attracts 18% GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/10/Prize-Money-Horse-Race-Taxscan.jpg "Prize Money from Horse Race attracts 18% GST: AAR [Read Order]")