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Who is responsible for Income tax in India?
All persons residing in India are responsible for paying Income tax on monies earned. Dollars earned from agriculture are tax exempt. This is imposed by the Government of India.
Who estimated the National Income for the first tome in India?
dadabhai naoroji
What is the average annual income for Alaska?
According to the US Census Bureau, the average annual income for households in Alaska was $67,332 in May 2008. This is over the national average of $52,029.
Is a father responsible for the ex's daycare bill?
If the daycare is for the father's child, yes, at least half of the daycare depending on father's income versus ex's income. If the daycare is for the ex's child by another father, no.
What are the main source of income in Wellington new zealand?
Wellington, New Zealand's capital, has a diverse economy with key income sources including public administration, technology, and tourism. The government sector plays a significant role, given the presence of numerous national institutions and agencies. Additionally, the creative industries, particularly film and digital media, contribute significantly, bolstered by the city's reputation as a hub for film production. Tourism also plays a vital role, attracting visitors to its cultural attractions and natural beauty.
Which agency is responsible to compute national Income?
RBI
What income to pay income taxes?
Income is paid on income accrued or arises in the hands of person resident in India or in special cases non residents. Chapter No II of the Income Tax, 1961 defined the basis of charge. The scheme of taxability of income in India is being given in the following chapters: Ch. No. II BASIS OF CHARGE Ch. No. III INCOMES WHICH DO NOT FORM PART OF TOTAL INCOME Ch. No. IV COMPUTATION OF TOTAL INCOME - Heads of income Ch. No. IV- -A COMPUTATION OF TOTAL INCOME - A. - Salaries Ch. No. IV- -B COMPUTATION OF TOTAL INCOME - B. - [Omitted] Ch. No. IV- -C COMPUTATION OF TOTAL INCOME - C. - Income from house property Ch. No. IV- -D COMPUTATION OF TOTAL INCOME - D. - Profits and gains of business or profession Ch. No. IV- -E COMPUTATION OF TOTAL INCOME - E. - Capital gains Ch. No. IV- -F COMPUTATION OF TOTAL INCOME - F. - Income from other sources
Who was the economist responsible for developing the basic concepts of the national income accounting system you?
Alfred marshall
Why are inventories included in the computation of net income?
To determine cost of goods sold
If there is a mistake in a computation of income and income tax return has been filed with a wrong computation. can revised return be filed?
Yes, as long as it is within the statue of limitations, which is usually three years from the date the original return was filed.
What are the Importance of national income with the national income concept?
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
Why national income is important?
bcoz its national income
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
Explain the importance of national income?
importance of national income.
Who is responsible for collecting income tax?
The Income Tax Board is responsible for collecting our income tax… it says in the name people!
What is National Income Accounting as a method of National income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
What is national income accounting as a methods of national income?
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
