Everyone who has a source of income in India is subject to income tax. This income could be salary, pension or could be from a savings account that’s quietly accumulating a 4% interest. Even, winners of quiz shows or engineers selling services abroad will be subject to taxes.
For simpler classification,
Head of Income | Nature of Income covered |
---|---|
Income from Salary | Income from salary and pension are covered under here |
Income from Other Sources | Income from savings bank account interest, fixed deposits, winning KBC |
Income from House Property | This is rental income mostly |
Income from Capital Gains | Income from sale of a capital asset such as mutual funds, shares, house property |
Income from Business and Profession | This is when you are self-employed, work as a freelancer or contractor, or you run a business. Life insurance agents, chartered accountants, doctors and lawyers who have their own practice, tuition teachers |
We provide assistance with filing your taxes online as an individual or business (along with preparation of Profit & Loss statement, Balance Sheet) and CA certified version at a reasonable price.
For More Enquiry
Mr. Amarsinh Raje
918208948896
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