Tax

Tax evasion may be defined either as the understatement or concealment of a taxable object or as the failure to pay tax m time either…

Tax refunds are a return of surplus amounts of income tax that a taxpayer has paid to the state or central government within the past…

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…

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: 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: 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 Income tax is a typical example of a direct tax. The tax imposed on a person or entity under the…

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 Agriculture income means any income derived by cultivation from any land or building in a country like Bangladesh, India…

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…