what is income tax?
Answers were Sorted based on User's Feedback
Answer / sujay
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 ? | 9 Yes | 0 No |
Answer / prannay mehta
The tax whi is levied on our income is called income tax.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / prasanna
annual tax levied by the federal government,most states and
some local govts on an individual or corporations net
profit
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / jagat babu sharma (9450123500)
A tax levied on money you earn, either in the form of wages
for individuals, the profits from your business if you're
self-employed or from government benefits such as a state
pension in the previous year, called Income Tax.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pooja
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 ? | 2 Yes | 0 No |
Answer / ayyappa nayar
Government impose slab rates for an assesse based on their
earning capacity.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arunkumar n
Incidence & Impact will be the sames person it is called as
income or direct tax
| Is This Answer Correct ? | 1 Yes | 0 No |
Ir we have bill for CST 2% we made entry 12.5% by mistake then what is solutin for C-form
CST RATE IS 2 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED WHAT WILL BE THE RATE OF CST
What are allowable and dis-allowable expenditure?
is vat applicable on services as well? please describe the services under vat?
can i issue tax invoice or retail invoice in case of form 38(road permit) available and tin no. applied for and tax rate CST 2% or full 12.50%(seller delhi buyer haryana)
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
verification of licence comes under professional or contract in TDS
if we are purchase in 45 vat tax than we can deduct tds on contract
(I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.)" in above situvation which i pay the amount credited to our company name then what will i do,file the return or anything to do
WCT charged on firm or on proprietor?
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
TDS Reimbursment? Iam 2 tipper owned small transporter and TDS diduct in my transport bills. can any body tell me how can i reimburse my TDS and what are the procedure for reimbursment and what are forms, papers to be required, tell me please.