Description
Commercial Law Publishers India Pvt Ltd Taxation Of Income From Business Or Profession by Ram Dutt Sharma
The most important head of income is the head ‘Profits and gains of Business or Profession’. The provisions of Sections 28 to 44D deal with the method of computing income under head “Profits and Gains of Business or Profession”.
This book is an attempt to bring to focus the basics of tax law relates to income under the head “Profits and Gains of Business or Profession” with reference to the substantive provisions of law, rules, procedures and computation of Income under this head.
The provisions for computation of Income from Business and Profession are covered under sections 28 to 44D. In this book, you will learn what are the constituents of business or profession. Which incomes are chargeable under this head which are admissible/inadmissible expenses while computing the income from business and profession. When are certain receipts deemed to be income chargeable to tax under this head. Which are the deductions allowable on actual payment basis. Which assessees are required to compulsorily maintain books of account. When is audit of accounts compulsory. Who are the assessees to whom presumptive tax provisions apply.
This book would be a comprehensive practical guide for finding solution to problems. It would be useful to both the beginners as well as established ones in tax executives, to tax practitioners and the taxpayers.
About the Author:
Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, haryana. He got his post-graduation from M.D. University, Rohtak in 1980. he joined the income tax Department in the ?year ?1983 and presently working as Income Tax Officer in
Faridabad, He worked at various station of North-West Region of Income Tax Department. he ?has wide experience of a 11 wings of Income ?fax Department such as assessment unit, Special Range, ?1?DS Wing, investigation Wing, intelligence
and Criminal] Investigation etc. he has been contributing articles and addressing on topics relating to income ?Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income
_ tax Department, Chartered Accountants, Advocates and various Trade Associations