what r the heads of taxation
- 8 Answers
- 17257 Views
- Mphasis, TATA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
The following are the five heads of income under Income Tax
Act 1961
1) Income from Salary
2) Income from House Property
3) Income from Business/Profession
4) Income from Capital Gains
5) Income from Other Sources
The above all incomes added - comes a figure is called the
Gross Taxable Income
then deduct the external deductions u/s.80
We will get the Taxable Income
Afterwards we will compute the tax on taxable Income
Ok
| Is This Answer Correct ? | 43 Yes | 2 No |
Answer / prasad deshmukh
1) Income from Salary
2) Income from House Property
3) Income from Business/Profession
4) Income from Capital Gains
5) Income from Other Sources
| Is This Answer Correct ? | 27 Yes | 3 No |
Answer / sunder15
Heads of taxation are :
Income from Salaries
Income from House property
Income from Business or Profession
Capital gains / losses
Income from other Sources
All incomes deemed or otherwise fall under these five
catagories.
S.Soundararajan
| Is This Answer Correct ? | 22 Yes | 3 No |
Answer / saurabh
As per the Income tax act 1961 tax is computed in 5 heads:
Income from Salaries
Income from House property
Income from Business & Profession
Capital gains
Income from other Sources
| Is This Answer Correct ? | 17 Yes | 0 No |
Ther ar five head of income tax or taxation,named,
(1) Salary
(2) House Property
(3) Business/Profession
(4) Capital Gains &
(5) Other Sources
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / vinodg_18
The above said tax heads are INCOME HEADS but the question
is heads of taxation
tax is divided into two categories i.e
1. Direct tax
2. Indirect tax
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / jagdish patel
Heads of taxation are :
Income from Salaries
Income from House property
Income from Business or Profession
Capital gains / losses
Income from other Sources
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / sivaraj
They are two heads of Taxation they are (A) Direct TAX (B)
Indirect TAX
The Direct Tax Consists of 1,TDS
The Indirect tax Consists of 1,SERVICE TAX, 2,Sales Tax,And
then Vat
| Is This Answer Correct ? | 2 Yes | 2 No |
how to pass advance excise duty entry in tally erp9.2
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?
whaT is TDS? give the rates. Procedure for preparing the same?
We are the manufacturing unit & we have Excise Registration no also. My Question is what is Ex. Duty & why we take Excise Registration.
can a company deduct tax at source on thier telephone and broadband billing? if yes then what will be rate of TDS?
can we clarify any questions/doubts raised by other persons
THE CUSTOMER IS FROM GOA STATE AND THEY PURCHASE GOODS FROM MAHARASHTRA UNDER C FORM THAT TIME THE CUSTOMER ISSUED C FORM ON WHICH AMOUNT TAXABLE OR INVOICE AMT(TAXABLE + 2%)?
hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent.
What are the basic and additional conditions for resident and ordinarily resident (ror)?
A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?
pls provide Latest Slab of Profession Tax of year 2008-09
Audit 
