Tax Evasion and Tax Avoidance
Tax evasion and tax avoidance are two common terminologies used in taxation. It is natural that the Govt. will desire more tax from the taxpayers…
Business
Set off and Carry forward of Unabsorbed Depreciation
Set off losses: Losses of one head of income are allowed to set off against the income from other heads. But the rule for such…
Set off Losses
Set off losses: Losses of one head of income are allowed to set off against the income from other heads. But the rule for such…
Carry Forward of Losses
Carry forward of losses: Losses which cannot be set off in the year of loss can be carried forward for set off in the subsequent…
Allowable Expenditure from House Property
Allowable Expenditure from House Property Income tax is a typical example of a direct tax. The tax imposed on a person or entity under the…
Basis of Taxation in respect of House Property
The basis of Taxation in respect of House Property The owner of house property, legal or beneficial is liable to pay tax. In this regard,…
Allowable Deductions from Determining Agriculture Income
Allowable Deductions from Determining Agriculture Income Agriculture income means any income derived by cultivation from any land or building in a country like Bangladesh, India…
Agriculture Income: Characteristics and Elements
Agriculture Income: Agriculture income means any income derived by cultivation from any land or building in a country like Bangladesh, India, etc., and used for…
Grossing up of Interest
Grossing up of Interest: Interest taxable under this head must be gross receipt and not the net receipt. Thus net interest when receive from fewer…
Bond Washing
Bond Washing: This term is referred to a type of transaction of securities where tax avoidance is aimed at. It is sometimes seen that securities…
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