what is direct incom

Answer Posted / ravipolina

the income which is derived from the business will be
treated as direct income as according to income tax
slab (or) flat rates

Is This Answer Correct ?    3 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Deferred taxation is a part of which equity?

699


My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?

1615


How is income tax calculated?

647


WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify

1328


What items come under deferred tax liability?

656






what do u meant by investment banking

1850


I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

1470


Who is to paid income tax and what is the procedure of filling income tax return?

1548


when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax

1468


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1738


ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes

1679


Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

1575


F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

1579


What doyou mean by assesment order? and for what purpose it will be passed?

1593


is there easy guide for the latest India tax & accounting information for 2010?

1631