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Q: If any assessee having not business income but having income from profession like job works then what section will apply?
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Continue Learning about Accounting

What are the benefits of a business charge card?

The benefit of having a business charge card is that you can put all your business expenses on the card. This is easier than having to file an expense claim with your company afterwards.


What are the arguments in support for an unregulated accounting profession?

Two main arguments of regulated accounting lend to cost control of the industry. Having a wider pool of choices for accountants, this controls costs and keeps small business from having to go to larger and more expensive accountants. Also, less regulation and ease of entering the accounting field helps accounting firms keep their compliance costs down.


What can someone use a business credit card for?

A business credit card can be used for purchases that are to be used for business purposes. They are a good way of having an easily readable list of expenses for tax purposes.


Why should you have a small business accounting?

Having small business accounting can help your business bloom. It gives you a balance sheet, shows you your budget, looks at your cash flow now and estimations for the future and much much more.


Hire a Business Accounting Service?

form_title=Hire a Business Accounting Service form_header=Having trouble keeping all the forms and numbers straight? Hire an accounting service to help, How large is your business?=_ Is your business a transaction-heavy one (i.e. retail sales, food service, etc)?= () Yes () No Do you keep records of all purchases and sales?= () Yes () No

Related questions

Having a sense of duty towards society best describes which characteristics of a profession?

having a sense of duty towards society IS the best characteristic of a profession.


What are the benefits of having the profession of an artist?

To have the profession of an artist, you could then be a more inspirational and more acknowledged artist not only in the community, but also world wide


Can you smoke weed after having a c section?

after having a c section you have to give your body some time to heal and then you can smoke all you want.


What is important in business?

Making money is an important factor of having a business. Having enough products for the public is also important in business.


What is a business section in newspapers?

A business section in newspapers typically contains news and information related to the business world, such as stock market updates, company earnings reports, industry trends, and economic analysis. It is a dedicated section that focuses on topics that are relevant to businesses and investors.


What is cosmetology business?

Business having to do with cosmetics or makeup.


Is a doctor working for a hospital a profession or employment?

Being a doctor is a profession. Indeed being a hospital doctor rather than a GP is a profession. However working FOR a particular hospital is employment. EDIT: Having a job other than working for yourself is employment, what you do in that job, including working for yourself is a profession.


Do fashion designers have a uniform or dress code?

No. Having such would defeat the object of their profession.


Multinational compnies having e-business setup?

Multinational compnies having e-business setup?


Can there be fertility problems having a child after a c-section?

NO


What are the different agencies to consider in having a business?

The non-governmental agencies are the best agencies to consider having a business. Examples of the business models includes a cleaning business or a small retail shop.


Are business check cards worth having?

Yes, business check cards are worth having. One can use business check cards for special purposes such as running their own small business or even a larger business.