Income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not satisfactorily explained by the assessee to the Assessing Officer, it is deemed to be the income of the …
Income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not satisfactorily explained by the assessee to the Assessing Officer, it is deemed to be the income of the …
Where income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not satisfactorily explained by the assessee to the Assessing Officer, it is deemed to be the income of …
It is income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not satisfactorily explained by the assessee to the Assessing Officer, it is deemed to be the income …
Normally, income earned in a previous year gets taxed in its assessment year. However, in certain cases, where income is not disclosed by the taxpayer but is detected by the Income Tax department and the source for which is not …
As per section 2(10), “Average Rate of Income-Tax” means the rate arrived at by dividing the amount of income-tax calculated on the total income, by such total income. Section 2(29C) defines “Maximum Marginal Rate” to mean the rate of income-tax …
India [Section 2(25A)] The term ‘India’ means – (i)  the territory of India as per Article 1 of the Constitution, (ii)  its territorial waters, seabed and subsoil underlying such waters, (iii)  continental shelf, (iv)  exclusive economic zone or (v)  any …
Terms defined in the Act: Section 2 gives definitions of the various terms and expressions used therein. If a particular definition is given in the Act itself, we have to be guided by that definition. Terms not defined under the …
When its difficult to measure or determine the performance of an individual, several workers are required to perform a task and measure in a group. Under this plan, bonuses are calculated for a group of workers, and the total amount …
In this plan earning are related directly to the performance of the individual worker. It may be based on Time or Output. Under Time-Based Plans- Standard time is determined and a bonus is given if a worker completes the job …