what r the heads of taxation
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The following are the five heads of income under Income Tax
Act 1961
1) Income from Salary
2) Income from House Property
3) Income from Business/Profession
4) Income from Capital Gains
5) Income from Other Sources
The above all incomes added - comes a figure is called the
Gross Taxable Income
then deduct the external deductions u/s.80
We will get the Taxable Income
Afterwards we will compute the tax on taxable Income
Ok
| Is This Answer Correct ? | 43 Yes | 2 No |
Answer / prasad deshmukh
1) Income from Salary
2) Income from House Property
3) Income from Business/Profession
4) Income from Capital Gains
5) Income from Other Sources
| Is This Answer Correct ? | 27 Yes | 3 No |
Answer / sunder15
Heads of taxation are :
Income from Salaries
Income from House property
Income from Business or Profession
Capital gains / losses
Income from other Sources
All incomes deemed or otherwise fall under these five
catagories.
S.Soundararajan
| Is This Answer Correct ? | 22 Yes | 3 No |
Answer / saurabh
As per the Income tax act 1961 tax is computed in 5 heads:
Income from Salaries
Income from House property
Income from Business & Profession
Capital gains
Income from other Sources
| Is This Answer Correct ? | 17 Yes | 0 No |
Ther ar five head of income tax or taxation,named,
(1) Salary
(2) House Property
(3) Business/Profession
(4) Capital Gains &
(5) Other Sources
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / vinodg_18
The above said tax heads are INCOME HEADS but the question
is heads of taxation
tax is divided into two categories i.e
1. Direct tax
2. Indirect tax
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / jagdish patel
Heads of taxation are :
Income from Salaries
Income from House property
Income from Business or Profession
Capital gains / losses
Income from other Sources
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / sivaraj
They are two heads of Taxation they are (A) Direct TAX (B)
Indirect TAX
The Direct Tax Consists of 1,TDS
The Indirect tax Consists of 1,SERVICE TAX, 2,Sales Tax,And
then Vat
| Is This Answer Correct ? | 2 Yes | 2 No |
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Igave a cheque of Rs 25000/- to a Professional. Do I deduct TDS on Rs 25000/, then after three months I further pay the same Professional Rs 40000/-.Have I to pay Tds on 25000 Or Rs 65000/- or only Rs 40000/-,Have I to pay interest on delayed payment for Rs 25000/-?
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