Who is to paid income tax and what is the procedure of filling income tax return?



Who is to paid income tax and what is the procedure of filling income tax return?..

Answer / Divya Singh

Income Tax is paid by individuals, businesses, and corporations that earn a certain amount of income. The process of filing an income tax return involves preparing financial documents, calculating the tax liability, completing the relevant forms (such as Form 16 and IT-R), and submitting them to the Income Tax Department. It's recommended to consult with a tax professional for guidance.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Taxation Interview Questions

Can i take service tax on freight outward.

6 Answers  


I want to know how to calculate VAT / WCT Liability under composition scheme and regular scheme at Karnataka

1 Answers  


if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?

3 Answers  


pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR

4 Answers  


Any body give journal entry for this PURCHASEA/C DR 500 S.TAX 50.0 SUNDRY CREDITOR 450.00 AND Which amount i taken in purchase ledger and which amount i taken in s.Tax ledger and which amount i taken in sundry creditors ledger wat are the details i require to maintain with regard to submitting of s.Tax return

3 Answers  


ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return

1 Answers  


what is "c" form?

2 Answers  


spose i am in gurgaon & employed with automotive manufacturing co. i have to make some invoces for new delhi, chennai, jaipur & chandigarh & london for a component (rubber gasket) qty-2500 no @ of 120 per pc than what should be payable amount for each customer after adding taxes?

1 Answers  


what is prepaid expenses & entry

9 Answers   Ernst Young,


What is straight line method......how to calculate, please explain....

1 Answers   TCS,


How we will learn Sales Tax, VAT quickly?

3 Answers  


When we make payment of custom duty through DEPB Licence against Import.we are a trading Unit. Can we pass on the 100% modvat to manufacturer as per mentioned in Bill of entry.

1 Answers  


Categories