No tax on Profits or Gains From Business or Profession !!
This query is : Resolved
07 February 2008
Seems Funny. Can I escape tax saying my income or profit or gain as "EARNING" ? under the head Profits and gains from business or profession ?
I mean to say does the EARNING taxable under income tax ?
If yes, where it is mentioned ?
It is known that Income/profit/gain is taxable but EARNING ?
I mean to say does the EARNING taxable under income tax ?
If yes, where it is mentioned ?
It is known that Income/profit/gain is taxable but EARNING ?
07 February 2008
You may say any thing! But, its real nature is what matters.
07 February 2008
You may say anything! But,its real nature is what matters.
07 February 2008
You may say anything! But,its real nature is what matters.
22 February 2008
It is really funny. Who told you that earning is not taxable in Income Tax Act. If your income fall under any definition of incomes in Act u have to pay tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
