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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question 
what is income tax?
 Question Submitted By :: Pavan Kumar
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is income tax?
Answer
# 1		 
The tax whi is levied on our income is called income tax.
 
Is This Answer Correct ?    2 Yes 0 No
Prannay Mehta
 
  Re: what is income tax?
Answer
# 2		 
annual tax levied by the federal government,most states and 
some local govts on an individual or corporations  net 
profit
 
Is This Answer Correct ?    2 Yes 0 No
Prasanna
 
 
 
  Re: what is income tax?
Answer
# 3		 
Income tax is a tax on the income of a person assess of a 
assessment year in related to previous year.

Ex previous year - 2007-08
   Assessment year - 2008-09
 
Is This Answer Correct ?    5 Yes 0 No
Sujay
 
  Re: what is income tax?
Answer
# 4		 
ncome tax is a tax on the income of a person assess of a 
assessment year in related to previous year. Assessment year
- 2008-09
 
Is This Answer Correct ?    1 Yes 0 No
Pooja
 
  Re: what is income tax?
Answer
# 5		 
Incidence & Impact will be the sames person it is called as 
income or direct tax
 
Is This Answer Correct ?    0 Yes 0 No
Arunkumar N
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Whether sales tax is chargeable on imported goods. Voltas1
what is tds concept  1
As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?  2
Hi May i know i 2 avoid Income Tax.I am getting 1,20,000PA and a house rent of 5000PM,and profit from Agriculture Income of 80,000.Is agriculture Income taken into consideration.If so how 2 calculate further & how much will b the Income TaxI will b getting. SAT-InfoTech4
what is the deffnation of stt ? and how many rate of stt? ICAI1
Knowledge of filing of various returns under companies act  1
This is related to stock transfer to branches ( Delhi & Bangalore ) for which my branches are not able to produce form 'F' agaisnt such branch transfer, than what is my tax liablity. This issue is pertaining to 2006-07, 2007-08 & 2008-09. ABB1
how to credit available on service tax explaine procedure? Visa-Steel3
We purchase Electricals Cabel for Panel & Fitting for our company, we have issued Form "C" to above material purchase From OGS  3
what is the entry for creating DEFFERRED TAX ASSET OR LIABILITY......? one aspect we r db/cr deffered tax.what is d another aspect?????????????????????? Divya-Co.1
what is E.S.I, P.F rates and working notes  1
what is 'c' form and form 'H' and why these form used in a company. pl tell me  2
Which form we use for depositing Service Tax ABC4
Pass a entry for the Contract receipts of Rs. 20000 after deduction of mobilization adv 30%, TDS 2.244%,Works Contract TDS 2% and retention money @ 10%  5
What are the criteria to avail lower deduction of TDS & why the lower TDS deduction certificate issued?  2
compute income tax for the nett income of Rs 325560 In case of Individual Resident women Senior citizen Firm add education cess on the tax  1
what is form 'H'? and why its used in Manufacturing Industry?  2
When will capital gain araises?  2
WHAT IS THE COMPLETE ACCOUNTING PROCEDURES OF SERVICE TAX? WWHAT IS ITS ACCOUNTING TREATMENTS & HOW INPUT CREDIT WILL BE TAKEN & HOW IT WILL BE ADJUSTED AGST OUTPUT SERVICE TAX? PLS SUGGEST ME?  1
What is MAT? and whom its applicable and what its rate? Bank-Of-America2
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 
   
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