what is tax asesssement.
Answers were Sorted based on User's Feedback
Answer / niraj prakash (ffil)
Tax assessment means Tax assessed by the Tax collection
departments ensuring that your financial statemnts has a
True and fair view and whatever Income stated therin is
True and correct.It is a process done by the Tax
departments after filing of Return of Income.Different Tax
collection departments has different procedure of Tax
assessment as per the relevent act.
Is This Answer Correct ? | 14 Yes | 2 No |
Answer / santosh kumar pattanaik
Tax assessment means it is a tax of previous year which we
have to pay in this year as per income tax law. under
section 200.
For the assessment year, income tax is paid on total income
earned during the preceding financial year. This period is
referred to as the previous year in the Income Tax Act. The
present information is applicable to the financial year
beginning on 1st April 2008 to 31st March 2009, relevant
for the Assessment Year 2009-2010.
Also you can get more information as given below link.
http://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpag
e1.aspx
Is This Answer Correct ? | 7 Yes | 1 No |
If any payment made for purchase of computer parts (mother board , ram, monitor)say 1/100 of monthly income (if income is 1000 & expences is rs.10) than whether it is computer expence (revenue expenditure) or computer (capital expenditure). Kindly specify in detail
how to deduct tds on rent? how to deduct service tax?
What are the streamlined sales and use tax agreement?
what is form 8? what are all the details to be collected while buying c form
Timings / Months when the advance tax shud be paid For MNCs?
what is Input and Output
How the FBT is calculated ? what is FBT ?
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT
hi, When we post vendor down payment by the t-code f-48 the TDS line items are not flowing when i am simulating it.there may be some error in configuration.please help me.
I am getting a salary of 50000 Rs Net salary. After showing my rent bills and children school bills, still I am being deducted a TDS amount of 2000. Is there any chance of even avoiding this amount to be deducted by investing in any insurance. Please give me a suggestion.
Can VAT and Service Tax charged on Same amount.