Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.
A house property could be your home, an office, a shop, a building or some land attached to the building like a parking lot. All of these are taxed under the head ‘Income from House Property’ in an ITR.
We might clear exams by focusing only on securing marks, but it will be too late to realize the importance of knowledge and paying a price for that post qualification is definitely not wise.
A Candlestick is a pictorial depiction of the price of a stock. It displays the high, low, open and closing prices of a stock. When read collectively, they help to identify patterns and predict future prices.
Debenture is a written instrument acknowledging a debt to the company. It contains a contract for repayment of principal after specified period or at option of company together with interest.
Section 44AD is applicable to any business except those eligible for Section 44AE. Section 44ADA is applicable to all professions referred in Section 44AA. Section 44AE is applicable to businesses engaged in plying, hiring or leasing goods carriages.
Section 8 companies obtain their incorporation certificate from the Central Government and are liable to carry on according to rules stated by the government.
Officers such as whole-time directors, KMP, directors, etc. shall be liable to any penalty or punishment in case of default committed by the company under the Companies Act, 2013.
In a latest development, Delhi Police Cyber Crime Cell has arrested 12 persons including 3 HDFC Bank employees for fraudulently attempting to siphon money out of a dormant account belonging to an NRI.
Discussing an interesting situation and taxability of an individual after his separation from HUF i.e. Whether a person will be taxable under dual capacity as an ‘Individual’ as well as 'Karta' after separation from HUF?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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