Unit 1 Taxation of Individuals {Book} Individual Income Tax Return: Filing Status VIEW Cash basis and Accrual basis VIEW Gross Income: Wages, Salaries, Bonus, Commission, Fees & Tips VIEW Interest & Dividend Income VIEW Business Income VIEW Capital Gains VIEW VIEW Capital Losses VIEW Passive Income VIEW Agricultural/Farming Income VIEW…
Income Tax Return (ITR) is a form in which the taxpayers file information about his income earned and tax applicable to the income tax department. The department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 till date.Every…
A partnership firm is a type of entity where more than one person is carrying out business under one entity. Partnerships firms in India are of two types - Registered partnership firms and unregistered partnership firms. Registering a Partnership is the right choice for small enterprises as the formation is…