We all have seen a plethora of talk shows these days. Right from celebrities to entrepreneurs and even these days even exam-toppers. However, what exactly is the culture of these talk shows?
Clubbing of Income as the term suggests, means adding the income of another person to the income of the person who is paying the tax. This term is explained under Section 64 of the Income Tax Act.
The Companies (Cost Records and Audit) Rules, 2014 are applicable to every registered company which is engaged in the production of goods or providing services listed in Table-A or Table-B of Rule 3.
If a person has opted for a presumptive scheme of taxation u/s 44AD in any one year then they have to remain in the umbrella of section 44AD for the next 5 years.
Incomes that do not fall under any of the other heads will fall under the head of 'Income from Other Sources'. A taxpayer who receives Income from Other Sources is eligible to deduct expenses.
A house property could be your home, an office, a shop, a building or some land attached to the building like a parking lot. All of these are taxed under the head ‘Income from House Property’ in an ITR.
We might clear exams by focusing only on securing marks, but it will be too late to realize the importance of knowledge and paying a price for that post qualification is definitely not wise.
A Candlestick is a pictorial depiction of the price of a stock. It displays the high, low, open and closing prices of a stock. When read collectively, they help to identify patterns and predict future prices.
Debenture is a written instrument acknowledging a debt to the company. It contains a contract for repayment of principal after specified period or at option of company together with interest.
Section 44AD is applicable to any business except those eligible for Section 44AE. Section 44ADA is applicable to all professions referred in Section 44AA. Section 44AE is applicable to businesses engaged in plying, hiring or leasing goods carriages.
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