Answer / niraj prakash (ffil)

Tax assessment means Tax assessed by the Tax collection
departments ensuring that your financial statemnts has a
True and fair view and whatever Income stated therin is
True and correct.It is a process done by the Tax
departments after filing of Return of Income.Different Tax
collection departments has different procedure of Tax
assessment as per the relevent act.

Answer / santosh kumar pattanaik

Tax assessment means it is a tax of previous year which we
have to pay in this year as per income tax law. under
section 200.
For the assessment year, income tax is paid on total income
earned during the preceding financial year. This period is
referred to as the previous year in the Income Tax Act. The
present information is applicable to the financial year
beginning on 1st April 2008 to 31st March 2009, relevant
for the Assessment Year 2009-2010.

Also you can get more information as given below link.

http://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpag
e1.aspx

Please tell me about service tax? And service tax latest rate?

30 Answers   CDS Technologies, Decoplast, Goods Transport, Jay International, TATA, The Institute of Computer Accountants,

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what are the rates of depreciation as per companies.Act.?

1 Answers   Impulse, Statex,

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What is meant by Cost of Improvement?

0 Answers  

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What is deferred tax?

3 Answers  

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There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this?

23 Answers   A Cube Solutions, HCL, Motorola,

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How we will learn Sales Tax, VAT quickly?

3 Answers  

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What is the difference between TDS and TCS?

24 Answers   Godrej, SSK, TCS,

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HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.

3 Answers   Reliance, Vodafone,

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Timings / Months when the advance tax shud be paid For Individual?

2 Answers  

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please explaine the procedure cst calculation if we got credit?

6 Answers  

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Wat is HRA? How it caculated?

2 Answers  

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Is there any change in the section 80E for the financial year 2009-10

0 Answers  

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