Gross Total Income (GTI)

Under Section 43B, some of the Expenses are allowed and can be claimed by the Assessee only in the year...

Income referred to in Section 68, 69A, 69B, 69C and 69D which are undisclosed income and Investments Taxed as Deemed...

What are the Deemed Profits and how they chargeable to Tax as Business Income under Section 41. 1. Recovery against...

As per Section 44AA and Rule 6F, persons carrying on Business and Professions specified below are mandatorily required to maintain...

1. Following Business required to get their Accounts Compulsory Audited by CA under Section 44AB (1) Person carrying on business...

1.  Special Provisions for computing profits and gains of Any Business (excluding the business covered under Section 44AE) (1) Eligible...

Income under the head ‘Income from House Property’ under Section 22 to 27 has been described with practical examples for...

Annual Value of a House Property and its computation on the basis of House is Let out , Vacant ,...

1. Computation of Income under the head Income from "Salaries" The first head of income is income from "Salaries". Sections...

1.  Allowances- Income under the head Salaries Allowance is a fixed monetary amount paid by the employer to the employee...