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(1) The Commissioner, on receipt of an application for registration of a trust or institution made under clause (a) of section 12A, shall-(a) call for such documents or information from the trust or institution as he thinks necessary in order to satisfy himself about the genuineness of activiti...
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Salary - In Income Tax Terms Salary is that all remunerations due or paid to a person for the services rendered by him/her. The relation between the payee and payer should be employee and employer....
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Assessment Year in simple terms is the year when the income of previous year is taxed. Let us say that xyz's income in year 1st April 2008 to 31st March 2009 is assessed in the next year i.e. 1st April 2009 to 31st March 2010. To be more specific for Assessment Year 2009...
~ ngoportal
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Though we know what it means by Previous Year - in Income Tax Terms Previous Year or Financial Year means "the year in which income is received, earned or accrued"...
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INCOME TAX - DEDUCTIONS 80C Investin PF,PPF,NSC, NSS, Bank FDs(over 5 years) Insurance Policies, ULIPs, Pension Plans and ELSS funds. Also covers children school fee and repayment of &n...
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