Friday, July 15, 2011

Direct Tax Code New Group Computation

In Direct Tax Code,
Two Groups Are made at the bird eye level on basis of Source of Income :-

1) Ordinary Sources
2) Special Sources

In Ordinary Sources again the income is dividend in the following categories :
1) Income from employment
2) Income from house property
3)Income from business
4) Capital gains
5) Income from residuary sources.

In Special Sources there are incomes like royalties, Fees for technical services etc. and these would be taxable at gross amount.

SOON PRESENTATION ON DTC WOULD BE PUBLISHED ! LIVE CONNECTED ! 





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