Income Tax Payment and Education
Manturanjan Sa Meaning of Person in Income tax Act Person in income tax act 1961 u/s 2(31) is defined as an individual, firm, company, local authority, AOP/BOI, HUF etc who are liable to pay tax. Table Of Contents AN INDIVIDUAL Individual means a Natural Human Being that may be Male, Female, Minor, Unsound Mind etc. Note: · Income … Read more
Exempt Income Items & its section Section Particulars 10(1) Agricultural income. 10(2) Share received by the member from the Income of HUF. 10(2A) Share of profit of a partner in the Income of a firm. 10(4) (i) Interest on Notified Securities & Bonds held by a NR. (ii) Interest … Read more
New Income Tax Slab rate for a.y. 2021-22 Income Tax Slab play a very important role in the context of income tax payment. Income tax is paid by the general public to the government which is use for the development or betterment of the society. Where the income is categorized into different types of groups on the basis … Read more
Concept of Income Tax in India & Its Features:- Tax is a compulsory extraction by the central govt. From the general public, organization, Hindu undivided family, AOP, BOI, artificial juridical person. Etc. (केंद्रीय सरकार द्वारा कर एक अनिवार्य निकासी है। आम जनता, संगठन, हिंदू अविभाजित परिवार, AOP, BOI, कृत्रिम न्यायिक व्यक्तियों से। आदि।) It is a … Read more