What is book profit as per Income Tax Act?
As per Explanation 1 to Section 115JB(2) “book profit” for the purposes of Section 115JB means net profit as shown in the statement of profit and loss pre...
Category: General
What are the social effects of excessive alcohol consumption?
Drinking alcohol clearly has important effect on social behaviors, such as increasing aggression, self-disclosure, sexual adventuresomeness, and so on. Re...
Is there a way to estimate your tax refund?
Our tax return calculator will estimate your refund and account for which credits are refundable and which are nonrefundable. Because tax rules change fro...
What is OSHA VPP certification?
The Voluntary Protection Programs (VPP) recognize employers and workers in the private industry and federal agencies who have implemented effective safety...
What are covered under 80C?
80C allows deduction for investment made in PPF , EPF, LIC premium , Equity linked saving scheme, principal amount payment towards home loan, stamp duty a...
What personality should a nurse have?
Our kindness, fairness, caring, trustworthiness, emotional stability, empathy and compassion are part of who we are as people on a personal level and serv...
What date must your 1040 be postmarked by?
April 15 When to file If you’re a calendar year filer and your tax year ends on December 31, the due date for filing your federal individual income tax re...
Is federal income a mandatory deduction?
Mandatory deductions: Federal and state income tax, FICA taxes, and wage garnishments. Post-tax deductions: Garnishments, Roth IRA retirement plans and ch...
Do you have to file taxes if you invest in stocks?
When you sell investments—such as stocks, bonds, mutual funds and other securities—for a profit, it’s called a capital gain. When you file your annual tax...
Is 14 Govt contribution to NPS taxable?
b) Employer’s contribution towards NPS Tier-I is eligible for tax deduction under Section 80CCD (2) of the Income Tax Act (14% of salary for central gover...
