Heads of Income, Income which do not form a part of Total Income
by The Heads of Income under the Income Tax Act, 1961, represent the classification system used to compute and assess taxable income in India. It is …
Tag: TDS (Tax Deducted at Source)
BCOM214 Income Tax Laws GGSIPU B.COM 4th Sem Notes
BCOM214 Income Tax Laws GGSIPU B.COM 4th Sem Notes 2021-2022 Onwards
Exemptions related to Capital Gains
Taxpayers can avail of long-term capital gains exemption under Section 54F, if they sell any type of capital asset (other than a residential house) like …
Tax Planning for New Business with reference to Form of Business
Tax Planning for New Business with reference to Form of Business
BBA306 Income Tax Law and Practice CCSU NEP 3rd Semester BBA Notes
BBA306 Income Tax Law and Practice CCSU BBA NEP 3rd Semester Notes
Progressive, Proportional and Regressive Taxes
Proportional Taxes: Taxes in which the rate of tax remains constant, though the tax base changes, are called proportional taxes. Here, the tax base may …
The Division of Tax burden
The burden of the tax can be transferred to others through a process of shifting. It may be noted that the whole burden of the …
Income recognition asset classification
Income recognition: Banks all over the world do not recognize the income from non-performing assets on accrual basis. Income is booked only when it is …
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