0
Turnover is not defined in Income Tax Act.Correct me if i am wrong.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the rate of depreciation of air conditioner as per income tax act?
10% is the rate of depreciation on air condition
Whether TDS is deductible on donation paid?
No as per income tax act, there is no provision which say for deduction of tax on donation paid.
Is conveyance reimbursement exempt from tax under the head Income from salayr as per the income tax act in India?
yes conveyance received on reimbursement basis is completely exempted from salary income of the employee. If it is fixed amount with out considering billsor actual expenses spent then Rs 800 per month is exempted
What is the definition of earnings per share?
Earning per share is that per share amount of earning which is only relevant to common share holders of business and calculated as follows: EPS = Net income available to common shareholders / Outstanding shares
What is the rate of depreciation on refrigerator and two wheeler vehicle as per income tax act?
two wheeler-20% on wdv refrigerator-10%on slm
What is the definition of turnover as per companies act?
Thirdly, the term "Turnover" is not defined in the Schedule or in the Definition section 2 of the Act. The said definition can be borrowed from section 43A, though the said provision is more or less inoperative since passing of the Companies (Amendment) Act, 2000. The said definition says that "Turnover" means aggregate value of the realisation made from sale, supply or distribution of goods or on account of services rendered, or both by a Company during the financial year.
How do you calculate book profit as per income tax act?
_uck and nothing else
What is the rate of dep. of air conditioner as per income tax act for ay 2012-13?
10%
What per cent of people globally are poor?
Poor is its own definition. If you are talking about low income/no job, probably 40%
What is the rate of depreciation of air conditioner as per income tax act?
10% is the rate of depreciation on air condition
Average sexual partner turnover ratio per year?
234
Who is rania karam?
She's a famous character, she also sings and act when she have time.her income is equivalent to 1,000,000,000$ per year .
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
Whether TDS is deductible on donation paid?
No as per income tax act, there is no provision which say for deduction of tax on donation paid.
What was the Internal Revenue Act of 1862?
It was an Act passed during the Civil War to get more funding for the Union Government in the form of Income Tax. It was signed into law by President Abraham Lincoln, introducing the first progressive rate income tax to the country. Annual income above $600 was taxed at a 3% rate, but those earning over $10,000 per year were taxed at a 5% rate. This Act repealed the flat rate income tax that had been established by the Revenue Act of the previous year or lowered income taxes ((apex)) <3 kelsmo :)
Is conveyance reimbursement exempt from tax under the head Income from salayr as per the income tax act in India?
yes conveyance received on reimbursement basis is completely exempted from salary income of the employee. If it is fixed amount with out considering billsor actual expenses spent then Rs 800 per month is exempted
What is the average per capita income?
Average per capita income is income per head of a country i.e. real GDP/Population .
