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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 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 ?    0 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 ?    0 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 ?    3 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
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
Which form we use for depositing Service Tax  1
As I am an Individual person doing jobwork with a company name x. After doing jobwork I am going to sale the shoes in local market. Please tell what is the tax % I have to take. Whether 4% or 12.5%.  1
Which form we use for depositing Advance Tax  2
What is Excise & Service Tax ? What's Diffarance Excise & Service Tax ?  4
How many financial statements are there? Deloitte3
what is assessment year and previous year ? SSC6
i want current year tax deduction source please let me know?  3
What is the present rate of T.D.S and what is the tax for person salary at present Net-Edge5
How can I calculate TDS AND FBT tax for a Travel Company? Travel-Plan1
Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?  3
What is the mode of payment of Entry Tax?  2
what is the date of payment of tds of last month (March)& date of filing of last qtr.  1
Can I deduct TDS on Advance payment towards advertisment expenses.  1
Tds Rate for Rent for company. TCS4
what is difference among VAT, CST and sale tax  1
1.What is the meaning of tranfer income? Infosys1
what is direct incom  3
can some one pls explain briefly about 'Differed Tax'?  1
complete information about these taxes-income tax,ser vice tax,sales tax,vat,excise with complete detail-mening,all form ,date of filling,procedure,heads,rates for 2008-09 year?  1
WHAT IS DIFFERENCE BETWEEN BSE AND NIFFTY  4
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 
   
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