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Facts About Taxable Income

January 28, 2008 – 5:53 am

Income is very broad term. If we talk about salaried person, the payment and facilities he or she received is said as his or her income. In case of businessman, the net profits will constitute income. Dividend, Commission and Interest etc are also called income. In Income tax act, income is [...]

By Rajani | Posted in Real Estate Information | Also tagged Animal Husbandry, Capital Gains, Capital Receipt, Capital Receipts, Co Operatives, Contemplation, Dividend Income, income, income tax, Income Tax Act, Local Authorities, Lottery Prize, Net Profits, Prize Money, Purpose Of Taxation, revenue, Revenue Receipts, Salary Income, Senior Citizens, tax | Comments (0)