Profits and Gains of Business or Profession
Money Mantan May 5, 2011
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Profits and Gains of Business or Profession

Items Chargeable Under the Head Business or Profession (Section 28) Sec. 28  Income under the head business or profession (i) Profits and gains of business or profession. Speculation business shall be treated as distinct and separate from other business as speculation losses to be treated separately. (ii) Compensation or other payment for Termination or modification […]

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TDS and Its Importance
Money Mantan March 17, 2011
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TDS and Its Importance

The Department Is More And More Depending Upon Tcs, And Tds To Collect The Taxes In Advance From The Duductors, Payers Of Income.  This Step Will Reduce Tax Avoidance By The Income Earners. Also This Step Is Acting As Safety Against Loss Of Revenue. Tds, Tcs Constitutes More Than 40%Of Total Tax Collections Of The […]

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