basic concepts of income tax Flashcards

1
Q

what is special tax year?

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2
Q

what is normal tax year?

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3
Q

what is transitional tax year?

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4
Q

rules regarding change in tax year?

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5
Q

resident and non resident perswon?

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6
Q

who is resident individual

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7
Q

who is resident association of persons?

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8
Q

who is resident comapny?

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9
Q

income tax rules(2002) rule 14?

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10
Q

who is person?

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11
Q

who is association of persons?

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12
Q

who is company?

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13
Q

what is trust?

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14
Q

what is unit trust?

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15
Q

what is firm?

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16
Q

tax on taxable income?

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17
Q

who is salaried person?

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18
Q

what is taxable income?

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19
Q

what is total income?

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20
Q

what are the heads of income?

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21
Q

what is akat?

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22
Q

workers welfare fund and workers participitaion fund?

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23
Q

deceased individual?

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24
Q

authors?

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25
Q

income of minor child?

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26
Q

apportionment of deductions?

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27
Q

apportionment of expenditures?

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28
Q

fair market value?

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29
Q

reocuped expenditure?

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30
Q

currency conversion?

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31
Q

cessation of source of income?

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32
Q

rules to prevent double derrivation and double deductions?

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33
Q

tax on dividends?

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34
Q

general provisions relating to taxes imposed under dividend?

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