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Basic Concepts Of Income Tax
Q: What is Tax ? Ans : It is an Amount which is payable by a person to the government so that govt can meet out of its certain expenses for which directly there are no charges. For Example: Defense, hospitals,...

CA Prashanth Reddy | 4 days ago

Fundamentals Of Accounting
Every Individual performs some kind of economic activity. All the economic activities are run for an individual benefit and may create social benefit, an i.e. benefit for the public at large. For eg, A...

CA Prashanth Reddy | 4 days ago

Income From House Property
Section 22: Basis of Charge Section 23: Computation of Annual Value Section 24: Deductions Section 25 : Unrealised Rent/ Arrears of rent Section 26 : Co-owners Section 27: Deemed ownership BASIS OF CHARGE:...

CA Prashanth Reddy | 4 days ago

Trending Discussions


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Ravi Yadav | 1 day ago

They are more or less interchangeable. Accounting has different meanings and in one sense refers to the process of keeping or maintaining financial records; while accountancy, specifically refers to the duties(which consists of accounting, bookkeeping, auditing, etc.) or profession of an accountant. When it comes to which is the child and which is the parent, accountancy seems to be the parent term in finance.


Reet Manish Haryani | 16 hrs ago

Accounting is the process of collecting,recording n analysis the information in the books of accounts


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Pritam Agarwal | 11 May

Rs. 400 to 450 per hour.


Nandita Sethi | 12 May

Rs. 4 - 4.5k because it includes English-which is base Accounts-most time taken subject Business -base of commerce Economics -related to economy but confusing subject Physical education -easiest subject which you can teach in a maximum month (whole book).


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Vyshnavi Rachuri | 30 Apr

Register for CS Executive program, clear your all groups, Register for Professional program, Undergo for training part as well.


Dinesh Yadav | 01 May

As replied by Urvi, you have to get registered for foundation course of CS under ICSI.


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Akilandeshwari S N | 29 Mar

Financial Accounting is a vast subject. If you compare the syllabus for ICWA and Can students, their syllabus is more elaborate. Basically in Accounts if you understand the concepts and practice many similar problems, you will get a hold on the subject. You can also take the help of a good tutor who has good knowledge to guide you. Practice makes a man perfect,so try to refer many books on financial Accounting and keep solving problems from them.


Govindaraj Kannan | 18 May

First understand, memorize, keep it mind all concepts & methodology of applying concepts in suitable place & application procedures with simple mathematics formulas in suitable places in your early study i.e, in +1&2, -- Secondly try to understand the relationship (Correlate) between one stage & another stage of application of methodology. -- Thirdly self practice of sums makes you to do it perfectly in all stages with enough speed /accuracy.


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Meghana Rane | 01 Feb

Any Individual or group of Individual or artificial bodies who/which have earned income during the previous years are required to pay Income tax on it. The IT Act recognizes the earners of income under seven categories. Each category is called a Status. These are Individuals, Hindu Undivided Family [HUF], Association of Persons [AOP], Body of individuals [BOI], Firms, Companies, Local authority, Artificial juridical person. When Companies pay taxes under the Income tax Act it is called Corporate tax.

Bhanwar Singh | 02 Feb

Assessee is liable to pay income tax above exemption tax slab brackets.

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