what is income tax?

Answer Posted / ayyappa nayar

Government impose slab rates for an assesse based on their
earning capacity.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How tax deduction at source is deducted

1504


if a person is investing rs.100 per month for 11 months of a year,how much ammount of annuity he will be paid at the end of year?

1416


what is the journal entry for sales on discont. what is the journal entry for purchase on diicount.

1744


How to calculate the TDS

1806


what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?

2023






I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

5410


How to reconcilation of modvat

1869


The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.

1465


what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this

1528


Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.

1546


is there in india the rate of work contract are same in all states if now what are the statewise rate

1622


What items come under deferred tax liability?

644


How do I get a C form with the bank Guarantee?

1258


HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?

2019


Cenvat credit transaction journal entries. And what does the term reversal of credit means

1103