Income Tax Authorities
by Income Tax Authorities refer to the government officials or bodies responsible for administering and enforcing …
Tag: Management Accounting
Set-off and Carry forward of Losses
Set-off and Carry forward of losses are important provisions in the Indian Income Tax Act, …
Capital gains
Capital gains is one of the five heads of income under the Indian Income Tax …
Heads of the Income, Income from Salaries
Under the Indian Income Tax Act, 1961, income is classified into five heads for the …
Income from House Property
Income from house property is one of the five heads of income under the Income …
Income from Other Sources
Taxpayers should understand these sections and comply with the provisions of the Income Tax Act …
Profit and Gains of Business and Profession
Profit and Gains of Business and Profession is one of the five heads of income …
Basic Concepts: Income, Agricultural Income, Casual Income, Assessment Year, Previous Year, Gross Total Income, Total Income, Person
The tax system is governed by the Income Tax Act, 1961, which defines various terms …
Basics of Charge; Scope of Total Income, Residence and Tax Liability, Income which does not form part of total income, Deduction from Gross total income
In the context of income tax in India, the term “charge” has a different meaning …
Income Tax Planning
Tax planning refers to the process of analyzing an individual’s financial situation or business activities …