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Basic Concepts

Quiz on Basic Concepts of Income Tax

Preparing for a exam like CA or CS or CMA or Graduation or other or want to evaluate yourself? Well, it’s always better to take up an online mock test or quiz to analyse your preparation or understanding level. It give a clear picture of how it is going to be. Considering this, we are providing online mock test system for you.
Basic Concepts

Presentation on Basic Concepts of Income Tax

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Type of Person

Basic Concepts of Income Tax – Part III

Income of the previous year of a person is charged to tax in the immediately following assessment year. Meaning of Person is explained in the post
Basic Concepts

Basic Concepts of Income Tax – Part II

Income of the previous year of a person is charged to tax in the immediately following assessment year. Meaning of assessment year and previous year is explained
Direct and Indirect Tax

Basic Concepts of Income Tax – Part I

In a Welfare State, the Government takes primary responsibility for the welfare of its citizens, as in matters of health care, education, employment, infrastructure, social security and other development needs. To facilitate these, Government needs revenue. The taxation is the primary source of revenue
Heads of Income

Basic Concepts of Income Tax – Part IV

Understands the meaning of Heads of Income, Gross Total Income (GTI) and Total Income. Alongwith the concept of rounding off of income

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