Income from business and profession ppt

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Webfrom Business or profession: ‐ 1) Profits and Gains of any business or profession that is carried on by the assessee at any time during the previous year. 2) Any compensation or … WebS.N Mathur & Company. Aug 2006 - Sep 20082 years 2 months. New Delhi Area, India. •Prepared accurate financial statements at end of the quarter to assess the economic performance of the company ...

Unit I : Income from ‘Profits and Gains of Business or Profession’

WebAs per section 28, income from any Business / Profession shall be taxable under the head Business / Profession. Business – Section 2(13) “Business” includes any Trade, Commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture Profession – Section 2(36) “Profession” includes Vocation real acting jobs

Unit 6 : INCOME FROM BUSINESS/PROFESSION

WebIncome from PGBP Page 1 Unit I : Income from ‘Profits and Gains of Business or Profession’ (Sections 28 to 44D) ----- 1.1 Basis of Charge 1.2 Important rules regarding assessment of … WebNov 19, 2013 · Income from Business & Profession Unit I METHOD OF ACCOUNTING There are two main methods of accounting Cash Basis Accounting 1 Under cash basis … WebMay 11, 2016 · Income from business or profession Parminder Kaur • 19.2k views Income tax-ppt lkiju • 101.4k views Exempted income under income tax act Altacit Global • 27k views Lecture 6 heads of income sumit235 • 6.9k views Set off-and-carry-forward-of-losses-bose Shankar Bose Sbose1958 • 7.3k views Income under head salaries ANAND KANKANI • … how to talk while presenting a ppt

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Income from business/Profession - PowerPoint PPT Presentation

WebDec 15, 2024 · Under Sec.145, income under Business & Profession shall be computed in accordance with the method of accounting regularly followed by the assesses. The two recognized methods are Cash system and Mercantile system of accounting. Cash System: In this system,all expenses & income are booked when they receive. WebScope of Income from Business or profession: a)Profits or gains of business or professions. b)Income derived from any trade or professional association c)Value of any benefits or perquisites from any business or exercize of profession whether convertible or not in cash. d)The excess amount referred to in Section 19 (16) , like balancing how to talk with an australian accentWebTranscript and Presenter's Notes Title: Income from business/Profession 1 Income from business/Profession By Prof. Augustin Amaladas M.Com., AICWA.,PGDFM., B.Ed. 2 INCOME FROM HOUSE PROPERTY House property for this purpose means Any building which has the characteristic features of a building. E.g. residential building, cinema theatres etc. 3 how to talk wife out of divorce

"WebJun 16, 2024 · This business finance PPT is ready to go for your 2024 presentations. With this download you'll get a great financial PPT template. Customize its modern layout. It comes with features like: 40 unique slides free web fonts 16:9 widescreen aspect ratios drag and drop image placeholders resizable graphics 2. " - Income from business and profession ppt

Income from business and profession ppt

PPT - INCOME PowerPoint Presentation, free download - ID:6889373

http://cms.gcg11.ac.in/attachments/article/101/_notes%20of%20pgbp.pdf WebChapter 4 Heads of Income Unit 1: Salaries Unit 2: Income from House Property Unit 3: Profits and Gains of Business or Profession Unit 4: Capital Gains Unit 5: Income from Other Sources Module 3 Initial Pages Chapter 5 Income of Other Persons Included in Assessee’s Total Income Chapter 6 Aggregation of Income, Set-Off and Carry Forward of Losses

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WebFollowing types of income are chargeable under this head: Profits & Gains of any business or profession Any compensation or other payments due or received by any person. Income of trade professional or similar association from specific services performed for its members. Profit on sale of import entitlement licenses, incentives, cash WebIncome from business/Profession By Prof. Augustin Amaladas M.Com., AICWA.,PGDFM., B.Ed. 2 INCOME FROM HOUSE PROPERTY House property for this purpose means Any …

WebFeb 6, 2024 · Income from business or profession is chargeable to tax only if the business or profession is carried on by a taxpayer at any time during the previous year. Let us first … WebNov 24, 2014 · Income from businessNet profit as per profit and loss accountADD: 1. Inadmissible expenses shown in Income statement 2. Business Incomes not shown in the …

WebTaxation –Business Income • Chargeability of Business Income: Sec. 28 • Following Income is chargeable under the head Profits and Gains from Business and Profession: a) Profits and gains from business or Profession b) Any compensation or other payments due or received c) Income derived by trade, professional or similar association from specific services 4 Web1 day ago · Here are five strategies you can use year-round to be more proactive about your tax planning. 1. Deferring Income. When you have high-income, high-tax working years, you might want to defer that ...

WebDownload Free PPT. Download Free PDF. Gross income. Gross income. Gross income. Gross income. Gross income. Dhina Torres (1)Resident citizen -on incomes derived from sources within and without the …

WebJan 20, 2013 · Profits and Gains of Business or Profession Lecture Notes. Basis of Charge (Section 28) • Following Incomes shall be charged to tax under this head • 1. Profit and Gains of any business or Profession carried on by the assessee • 2. Any Compensation or other payments due or received by assessee, for loss of agency, due to termination or ... how to talk when you have nothing to sayWebView TAX CH 08 Income From Business profession03.ppt from MANAGEMENT HUMAN RESO at Jagannath University. INCOME TAX Presented by Muhammad Shahidullah Tasfiq Lecturer in Finance Department of. ... Profession Profits & Gains of any Business & Profession, Income derived from any trade or professional association, ... how to talk vrchat in pcWebIncome from business/Profession. An Image/Link below is provided (as is) to download presentation. Download Policy: Content on the Website is provided to you AS IS for your … how to talk to your teenager about abstinenceWebbusiness income. Other types of income derived by individuals may be calculated using different rules. The starting point in determining whether an item of income is business … real adogg country youtubeWebTaxation –Business Income • Chargeability of Business Income: Sec. 28 • Following Income is chargeable under the head Profits and Gains from Business and Profession: a) Profits … real active learning ucfWebINCOME FROM BUSINESS/PROFESSION Business is an activity of purchase and sell of goods with the intention of making profit. Profession is an occupation requiring … how to talk with an angry personWebSome people have both business and professional income – this can occur if you offer professional services while also selling goods, or if you have multiple businesses. Things … real adidas sweatpants