Source of Income Vs Head of Income Source of Income: The source of income and the head of income both are two different concepts use in the computation of income tax for filling the Income Tax Return. The source of income refers to the origin or the place from where the income is earn For… Read More »
Private Ltd company Private Ltd company and income tax are two types of taxes that a private limited company may be require to pay, and they have some differences: Pvt Ltd Company Pvt Ltd Company is a tax on the profits earn by a private limited company is paid on the net profits of the… Read More »
Corporate and non-corporate assessee In India, the term “assessee” refers to an individual or entity that is legally liable to pay income tax under the Income Tax Act, 1961. The Income Tax Act categorizes taxpayers into two groups based on their legal structure: For more information to Visit https://www.mca.gov.in A corporate assessee is an entity… Read More »