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Income Tax

Heads of Income » Income from Business and Profession »

What conditions must be satisfied for an income to fall under the head of income from profits and gains of business?
What income will be chargeable to income tax under the head 'Profits and gains of business or profession'?
Would the interest income be assessed as 'business income' or as 'income from other sources'?
What deductions are allowed in computing income from profits and gains of business or profession?
What deductions are allowable in respect of rent, rates, taxes, repairs and insurance for premises, which are used for the purpose of business or profession?
What deductions shall be allowed in respect of repairs and insurance of machinery, plant and furniture?
If a person lets out premises, along with other assets or provides amenities, how will his income be taxed?
If an assessee is employed in a company where he is called Managing Agent but is in fact, the Chief Manager of the company, under what head would the remuneration that he is paid be charged?
Which kinds of business income are not taxable under the head " Profits and gains of business profession"?
Mention a few instances of losses that are deductible from business income?
Mention instances of losses not deductible for business income
Which expenses are deductible?

Income Tax

Introduction to Income Tax

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Rates of Tax

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Rebates From Income-Tax

Notification

Heads of Income

Deductions

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Value Added Tax

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Tax Deduction at Source

Corporate Law

DIN 1(Application Form)
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DIN 3 Form
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Income Tax

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