WebCalculate business or professional income, get industry codes, and report various income … Web54 minutes ago · Accounting questions and answers; Your business has been open for a month, and you have prepared an income statement and completed a variance analysis on the data. Now you will meet with investors and a few other internal stakeholders to share your company’s progress over the past month and how it has performed with respect to …
UNIT 9 INCOME FROM PROFITS AND GAINS OF BUSINESS OR …
WebBusiness c. Profession d. None of these. 9. Pick out the inadmissible expense: a. GST b. Expenses on the assessment of Income Tax c. Income Tax d. Depreciation on machine. 10. Allowed item when computing business income is: a. Doubtful debts reserve b. Actual bad debts c. Doubtful debts d. All of these WebIncome from Business Part 4 with Solved sums Direct tax Mathur Sir Classes Mathur Sir Classes 202K subscribers Join Subscribe 51K views 3 years ago Download my App from Google Play Store:... richview manor brampton
Are Credit Card Reward Taxable - The Dark Side of Taxes
WebBusiness or professional income overview. Summary of business or professional income types, industry codes, capital cost allowance, and expenses. Industry codes. Find the industry code for your main business activity. Business or professional income types. Report income from farming, fishing, rentals, and partnerships. Capital cost allowance WebMar 5, 2024 · Nature of Income. Head under which it is chargeable to Tax. Rental income in the case of dealer in property. Rent of house property is taxable under Sec. 22 under the head “ Income from House Property” even if property constitutes Stock-in-trade of recipient of rent or the recipient of rent is engaged in the business of letting properties on rent. WebMar 24, 2024 · The IRS has extended the federal income tax filing due date for individuals for the 2024 tax year from April 15, 2024, to May 17, 2024. Individual taxpayers have until May 17 to file and pay 2024 federal income taxes. If individual taxpayers need more time to file, they can use IRS Free File through May 17 to electronically request an extension ... richview nursery