What is Form 26AS?
Form 26 AS Tax Credit Statement 1. What is Form 26AS? Includes info on tax deducted on your income by
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Computation of Total Income
In order to file your Income Tax Return, you first need to collect all the information required to file it. The
What is Advance Tax?
Advance Tax As the name suggests, advance tax refers to paying a part of your taxes before the end of the financial year. Also
Importance of Accounting
When a person starts a business, his main aim to earn profit. He receives money from certain sources like sale
Deductions under Chapter VIA of Income Tax “Act” 1961
Indian tax laws contain certain provision, which are intended to act as an incentive for achieving certain desirable socio economic
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What do you mean by income from other sources?
Chargeability As per section 56(1), income of every kind, which is not be excluded from the total income under this
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WHAT IS PAN? (Permanent Account Number)
PAN PAN or Permanent Account Number, is a unique 10-digit Alphanumeric Identity by the Income Tax Department under the supervisor
What do you mean by Allowances?
{भत्ते से आपका क्या मतलब है?} ALLOWANCES Allowance is a fixed amount of money payable to an employee for meeting
What is Business and Profession in income tax?
Income from Business & Profession Sole Proprietor What is Business? It referred to any economic activity carried for earning profits.
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WHAT IS TDS? टीडीएस क्या है?
TDS(TAX DEDUCTED AT SOURCE) A person can have different sources of income (income). Income tax is a direct tax (direct