IncomeTaxManagement

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‘Assessment’ of “Individual”

‘Assessment’ of “Individual”
1. Income received from different institutions
1.         As a member of Hindu Undivided Family.
2.         Income received as share from AOP.
3.         As a partner of firm assessed as firm assessed u/s 184.
4.         Share of income from firm assessed u/s 185.
5.         As a shareholder of a company.
2. Incomes of other persons to be included in the Total Income of an individual
  1. Transfer of income without transfer of asset.
  2. Revocable transfer of assets.
  3. Income of a minor child.
  4. Income from assets transferred to the spouse, daughter-in-law by an individual
  5. Income from the assets transferred by an individual
  6. Share of income arising to spouse for being member of a trust or to minor child who is beneficiary under a trust.
3. Computation Of Tax Liability
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