Topic: Indian Income Tax Act
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Answers to Common Questions
How to Calculate Indian Income Tax
Determining income tax for citizens of India can be a long and complex process. The Income Tax Department of India website has tried to ease this process by providing a wealth of information and allowing you to pay your taxes online. It eve... Read More »
Source: http://www.ehow.com/how_5062694_calculate-indian-income-tax.html
What is sec 44AF of income tax act?
Sex 44AF of income tax act is applicable only to retail trades and the section specifies that the income of the person is deemed to be 5% of total income of any other income declared by the person which ever is higher and this sec is not ap... Read More »
Source: http://wiki.answers.com/Q/What_is_sec_44AF_of_income_tax_act
What is section 11 under income tax act?
Section 11 INCOME FROM PROPERTY HELD FOR CHARITABLE OR RELIGIOUS PURPOSES. (1) 320 Subject to the provisions of sections 60 to 63, the following income shall not be included in the total income of the previous year of the person in receipt ... Read More »
Source: http://wiki.answers.com/Q/What_is_section_11_under_income_tax_act
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Answers to Other Common Questions
Gandhiji and the God.................
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Hello,I was in US in year 2005 for about 4 months. I was employed by an Indian company in US where I was paid salary in US$ on which I was paying income tax to US govt. Some 10% of the salary which was already tax paid to US govt. was being...
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Source: http://answers.yahoo.com/question/index?qid=20070205194333AAWaCJx
There is no section 1253 in the ITA.
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Source: http://wiki.answers.com/Q/What_is_the_purpose_of_income_tax_act_o...
Form W-7 is Application for IRS Individual Taxpayer Identification Number. An individual taxpayer identification number (ITIN) is issued by the IRS. It's for federal tax purposes only. The IRS assigns ITINs to individuals who are required t...
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Source: http://wiki.answers.com/Q/Application_forms_for_identification_un...
two wheeler-20% on wdv refrigerator-10%on slm
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Source: http://wiki.answers.com/Q/What_is_the_rate_of_depreciation_on_ref...
