Written on Aug, 17, 2012 by in | Leave a comment

WHO SHOULD FILE THE INCOME TAX RETURN? :- Every person, whose income is taxable, must file the income tax return with income tax authorities within the stipulated time. The following persons will have to file income tax return:- All Individuals Hindu Undivided Family (HUF), Association of Persons (AOP)/Body of Individuals (BOI) (where individual shares of the members are known) And …

Written on Aug, 15, 2012 by in | Leave a comment

What is Tax Deduction at Source (TDS)? Financial Year 2016-17 Onward According to Indian Income Tax Act there are some specified payments against which tax is to be deducted at the time of payment or at the time of accrual, is called Tax Deducted at Source. Tax is being deducted by the person who pays the money at prescribed rates …

Written on Aug, 11, 2012 by in | Leave a comment

What is business: In brief, Business includes any trade, commerce and manufacturing of goods with a purpose of making profit within the permissible laws of country. What is a Profession: It includes services provided by the professionally qualified or technically qualified person according to their qualification. Income from Business/Profession: means any income which is shown in profit and loss account …

Written on Aug, 11, 2012 by in | Leave a comment

Any income which does not fall under any other head of income i.e. Income from business/profession, Income from salary, capital gains and house property then it will be called as income from other sources. Following are few examples of income which are treated as income from other sources as per Indian income tax act:- Any amount received as rent from …


Related pages


debit voucher in accountingdebit what comes in credit what goes out meaningtrade discount entrysundry taxtrade discount calculationworking capital requirement investopediajournal entry for cash withdrawal from bankcheque voucher formatinterest tds ratetally practice questionsexpenses tamil meaningaccounting debit and credit rulesaccounting errors that affect the trial balancesecured loan definededuction for preventive health check upis ppf interest taxabledelhi vat ratetally erp 9 tutorialsincome tax form no 26asjournal and ledger examplesledger entry in accountingsection 80 tta income taxcash deposited in bank journal entry in tallysundry payabletrade discount accounting entrybank reconciliation proformaeducation cess in income taxformat of trial balance in accountingwhat is narration in bankingtax on regular assessment 400tally learning notesbank recon formattds on loandefine sundrycash discount in accountingredemption hindi meaningdefinition of secured loanssinking fund balancehow to write a voucher for paymentsample tax computationtax audit vs statutory auditwhat goes on a trial balanceaccrued interest in balance sheetwhat is direct expenses and indirect expenseshow to tally balance sheetsample income tax calculationdefine sundryaccounts ledger bookwhat is a trade debtor on the balance sheetdefine sinking fundtds eligibilitywhat goes on a trial balancedefine unsecured loanhow to write a diary entry in hindisinking fund purposewhat does sundry expenses meantax slab 2014 15commuted pensionwhat is meant by journal voucherledger balance examplesinking fund reserveinterest free loan perquisite calculationincome and expenditure account of non profit organisationdeductions under chapter vi ajv in accounting termshow to write accounts in ledgertele accounting softwarenon company deducteescash payment voucher sampledouble entry for debit notesinking fund debenturestds payment rulestally erp 9 helpdifference between trial balance and ledger