ROI compulsion

134 views
User Avatar

4 Points Posted on 22 January 2021
In sec 139(1) taxable income means income derived after deductions and exemptions or either before, for filing ROI?

thanks beforehand for reply
0 Reply Share Follow
On 22 January 2021 at 20:03 Report
Replies (3)
Quick Summary
This discussion clarifies the definition of taxable income for filing a Return of Income (ROI). Taxable income is defined as the income remaining after all applicable deductions and exemptions have been applied. Essentially, it's the amount of your earnings on which you will actually pay tax.

User Avatar

Chartered Accountant
86505 Points Posted on 22 January 2021
Taxable income means income on which you have to pay tax i.e after all deduction and ezemptions
Reply
On 22 January 2021 at 23:18
User Avatar

17269 Points Posted on 23 January 2021
Income as reduced by deductions and exemptions
Reply
On 23 January 2021 at 10:27
User Avatar

Accountant
4533 Points Posted on 23 January 2021
Income after deduction
Reply
On 23 January 2021 at 20:22

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS on under construction property not deducted
  2. GST on Fixed Assets
  3. GST ITC april 22
  4. GST PAYMENT REGARDING
  5. GST Consultation Required – June–Augus
  6. TDS Code for Salary Payment to Non-Resident Intern
  7. TDS on property
  8. Company data for software
  9. Car purchase to be eligible for ITC
  10. GST Refund on payment to builder

More recent discussions | Post

Related Topics :

Loading