Answer Posted / ravipolina
profit is the thing which is derived after meeting all the
expenses of abusiness then it could be regarded as a profit
income is the gain which is derived when they receive
certain income that can be regarded as source of income
might be in the form of commission , brokerage if any
corrections let me know
Is This Answer Correct ? | 11 Yes | 3 No |
Post New Answer View All Answers
what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure
A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
Explain the procedure to calculate provident fund, esi, vat and sales tax.
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
how i get h form
if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT
what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it
WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com
What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?
what about WCT (Work Contract Tax)
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
how to get input credit in vat & service tax