income tax

  1. A

    Differrence between Vlue Added tax anb Income tax

    Value Added Tax(VAT) is not an expense to business. You collect from customers and pay to tax office. It's indirect tax; consumer bears the burden. Income tax is an expense to business. It's direct tax. Business pays out of its profit.
  2. K

    Income Tax Planning in India with respect to Individual Assesses

    Description Income Tax Act, 1961 governs the taxation of incomes generated within India and of incomes generated by Indians overseas. This study aims at presenting a lucid yet simple understanding of taxation structure of an individual’s income in India for the assessment year 2007-08...
  3. A

    Study on Financial Reporting of Income Tax

    Description An income tax is a tax on individual earnings (income) that is paid to the national government. Improving the Financial Reporting of Income Tax Feedback Statement 2013 February © 2013 European Financial Reporting Advisory Group and Financial Reporting Council. The document is...
  4. A

    Study on Tax Structure in India

    Description An income tax is a tax on individual earnings (income) that is paid to the national government. TAX STRUCTURE IN INDIA The Tax Structure present in India is very strong and it follows the financial year. The taxation as per the tax structure in India is applicable for any kind of...
  5. A

    Income Tax Notes on House property

    Description Home invasion is a term used in the United States to describe illegal and usually forceful entry to an occupied, private dwelling with violent intent to commit a crime against the occupants, such as robbery, assault, rape, murder, or kidnapping. ? INCOME FROM HOUSE PROPERTY Tax is...
  6. B

    Study Reports on Income Tax planning in India

    Description An income tax is a tax on individual earnings (income) that is paid to the national government. In American English the term also applies to the same type of tax paid to city, state, or local governments, and is occasionally used in reference to corporate profits as well STUDY...
  7. A

    Personal Income tax

    Personal Income tax Personal income tax is levied by Central Government and is administered by Central Board of Direct taxes under Ministry of Finance in accordance with the provisions of the Income Tax Act. The rates for personal income tax are as follows:- Income range (Rupee) Tax Rate (%)...
  8. A

    TIN and RETURN

    Tax Payer’s Identification Number (TIN) The Tax Payer’s Identification Number will consist of 11 digit numerals throughout the country. First two characters will represent the State Code as used by the Union Ministry of Home Affairs. The set-up of the next nine characters may, however, be...
  9. A

    PAYMENT OF TAX

    The Payment of Tax. Payments that are required to be made by any person or dealer 1. Tax (Sales tax or Purchase tax) 2. Interest payable under the act 3. Penalty or fine 4. Amount collected in violation of the and forfeited 5. Fees These payments should be made in government...
  10. A

    OUTPUT TAX AND INPUT TAX

    OUTPUT TAX It is tax on the sale of goods in the state and payable according to the provisions of the state law. It does not include any tax payable on: • On any sale outside the state; or • On any interstate sale. INPUT TAX Sales tax paid on the purchase of goods...
  11. R

    Need 2 Brief Answers for 10 marks

    Need 2 Brief Answers for 10 marks if any 1 can help it would be great!!! Need it damn urgently The Questions are : 1)How to calculate Income from LOP and DLOP 2)Define Sales with Some Illustrations under M-Vat Act
  12. R

    ITR-6 Form

    Here is an attachment with the most recent Income Tax Return form 6.
  13. C

    Ask for Income Tax Matters

    Dear Friends In case you have any doubt about Income tax matter as applicable in India currently, pls send your quiry on Income tax on Salary Income tax on House Property Income tax on Business & Professional Income Income tax on other Income
  14. A

    Project on Super Markets in Indian Retail Market

    help needed for prepartion of project on supermarkets in indian retail market
  15. yedhulaprakash

    Tax Deducted at Source

    Tax Deduction at Source What is TDS? TDS means Tax Deducted at Source. It is the amount withheld from payments of various kinds such as salary, contract payment, commission etc. This withheld amount can be adjusted against your tax due. Is TDS relevant for me as a businessman? Yes. Payments...
  16. A

    income from profession

    here is some info that i had found on income from professions
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