Interested to Buy Any Domain ? << Click Here >> for more details...
what r the heads of taxation
- 8 Answers
- 20771 Views
- Mphasis, TATA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 ? | 44 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 |
can we clarify any questions/doubts raised by other persons
What is Form 12A & Form-H and where is applicable.
i am a hosewife having a property,given on rent to a company which gives a rent of @10600 per month. the total come 126000. the company wants to deduct tds. as my income is less than 160000.i want to know the type of form required to produce to the company to avoid deduction of TDS.
Sales tax office sent C form to us, but we have not received c form? what is the procedure to get c form?
what indirect tax and in that whats include
If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??
1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.
Define previous year.
What is tax?
Please Advise When issue form F monthly Basis or quarterly basis.
Audit 
