Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
Under Income Tax Act, 1961 an Individual refers to a natural
person who is assessable to Tax under that Act. Where as a
HUF (Hindu Undivided Family) is assessed separately as an
entity and is managed by Karta of the family. HUF will have
more than one individual natural person as members.
This answer is from the vie point of Income Tax in India &
not a general one.
| Is This Answer Correct ? | 16 Yes | 3 No |
Post New Answer View All Answers
What is the difference between the accrual accounting and cash accounting?
Hey can any body tell me..What are negative assets?
whether sale and purhases of cf agent are his and he is liablte to pay VAT on sale of goods and pay the tax to govt collected by him one more being receiving commission of saleproceed during the year whose stock would be it it is of c f agent or principal manufctrurer who has send the goods to sold on his behalf
What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?
BRIEF IN DETAIL REGARDING RATIOS
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
What is mean by Asset area?
what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?
What is dividend warrants?
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
Tell me do you have any idea about service tax or excise?
What is the difference between Accruals and Provisions?
SHADOW BALANCE SHEET
What is full rate on plywood box in haryana sale tax:
