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what is income tax?
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Answer / sujay
Income tax is a tax on the income of a person assess of a
assessment year in related to previous year.
Ex previous year - 2007-08
Assessment year - 2008-09
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / prannay mehta
The tax whi is levied on our income is called income tax.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / prasanna
annual tax levied by the federal government,most states and
some local govts on an individual or corporations net
profit
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / jagat babu sharma (9450123500)
A tax levied on money you earn, either in the form of wages
for individuals, the profits from your business if you're
self-employed or from government benefits such as a state
pension in the previous year, called Income Tax.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / pooja
ncome tax is a tax on the income of a person assess of a
assessment year in related to previous year. Assessment year
- 2008-09
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ayyappa nayar
Government impose slab rates for an assesse based on their
earning capacity.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arunkumar n
Incidence & Impact will be the sames person it is called as
income or direct tax
| Is This Answer Correct ? | 1 Yes | 0 No |
Explain deferred tax asset?
PROFIT FOR THE YEAR 56000 DEPRECIATION AS PER ACCOUNT 9500 DEPRECIATION AS PER TAXATION 6350 TAX RATE 30% PASS ENTRY FOR CORPORATION TAX PROVISION.
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Audit 
