- November 28, 2019 at 8:58 am
Sir in Individual self assessment, we only consider property income and trading income? I mean to say that we do not consider employment income, correct?December 1, 2019 at 7:15 am
And is interest income and dividend income included in self assessment?December 2, 2019 at 2:47 pm
All income is included in the income tax computation whether tax has or has not been deducted at source – self assessment requires the taxpayer to declare all income on their annual tax returnDecember 3, 2019 at 5:06 pm
If the question ask us to fine the taxable income for tax year 2018-19
And given self employment income of 14 month upto 30 jun2018 ..then employment income from 1 aug 2019 to 31 jan 2019 and again a new self employment income from 28 feb 2019 to may 2019
Then how do we compute the taxable income ?
Is it like considering only the periods from 6 april 18 to 5 april2019 ??December 4, 2019 at 4:40 am
You apply the relevant bases of assessment for each source of income.
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