INCOME TAX ACT(ii) the units of which are or are to be the subject of an offer or intended offer to which Subdivisions (2) and (3) of Division 2 of Part XIII of that Act do not apply or apply with modifications by reason of section 304 or 305 of that Act; andNo. S...
b.a side or part that falls away from the front of any straight or flat member or area. 26.Sports. a.the act of returning a ball. b.the ball that is returned. c.(in football) a runback. 27.Law. a.the sending back of a writ, summons, etc., with a brief report endorsed on ...
Income tax is managed by the Central Board of Direct Tax (CBDT) and is governed by the Income Tax Act, of 1961. There are six sources of income according to the Indian tax system. Income from salary, income from business or profession, income from capital gains, income from other ...
Mandatory Quoting of PAN and TAN: According to the provisions of section 203A of the Income-tax Act, it is obligatory for allpersons responsible for deducting tax at sourceto obtain and quote the Tax-deduction Account No. (TAN) in the challans, TDS-certificates, statements and other document...
tax income- government income due to taxation tax revenue,taxation,revenue government income,government revenue- income available to the government internal revenue- government revenue from domestic sources (excluding customs) Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton Unive...
(redirected from Income Taxation)Also found in: Dictionary, Thesaurus, Financial, Encyclopedia. Income Tax A charge imposed by government on the annual gains of a person, corporation, or other taxable unit derived through work, business pursuits, investments, property dealings, and other sources ...
Income Tax A tax on a person's individual income from wages and salary, gambling winnings, and some other sources. Importantly, capital gains are usually excluded from income taxes and are subject to their own system of taxation. An income tax may be a flat tax, which means that all citiz...
Such cash credits may be assessed either as business profits or an income from other sources. In the case of business community, it is normally considered as business profit. It will be taxed in the year in which such cash credits are detected. If the assessee fails to submit any ...
Under the IndianIncome Tax Act(asamended by the Finance Act), revenues received from the provision of satellite transponder [...] asiasat.com asiasat.com 根據印度所得稅法(經財政法案修訂),本集團提供衛星轉發器容量予客戶,而彼等在印度經營業務或在印 度循任何途徑賺取收益,則本集團藉此所獲的收入(「...
Family Pension is chargeable to tax under the head “Income from other sources” and not under the head “Salaries”. Therefore, provisions of section 192 of the Act are not applicable. Hence, DDOs are not required to deduct TDS on family pension paid to person....